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Affordable
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These days, finding an affordable place to live in the 07701 area can be challenging. Home prices in 07701 are now at a median cost of $563,589, higher than the New Jersey average of $496,577.
The average cost of rent is $2,237/mo in 07701, primarily driven by the current value of real estate in the 07701 area. In 07701, 33.38% of households rent, and 36.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07701 is $9,989 per month. Households that rent pay about 22.40% of their income on rent here. 07701’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 07702, NJ: higher priced homes
- 07704, NJ: higher priced homes
- 07739, NJ: higher priced homes
- 07738, NJ: higher priced homes
- 07703, NJ: less expensive homes
- 07724, NJ: less expensive homes
- 07748, NJ: equally priced homes
- 07757, NJ: higher priced homes
- 07760, NJ: higher priced homes
- 07737, NJ: less expensive homes
Zip Codes with Similar Populations
- 70127, LA: less expensive homes
- 33897, FL: less expensive homes
- 39350, MS: less expensive homes
- 10512, NY: less expensive homes
- 40383, KY: less expensive homes
- 37205, TN: higher priced homes
- 30125, GA: less expensive homes
- 23237, VA: less expensive homes
- 98126, WA: higher priced homes
- 98671, WA: equally priced homes
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