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Affordable
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These days, finding an affordable place to live in the 07723 area can be challenging. Home prices in 07723 are now at a median cost of $1,534,523, higher than the New Jersey average of $496,577.
The average cost of rent is $2,086/mo in 07723, primarily driven by the current value of real estate in the 07723 area. In 07723, 28.73% of households rent, and 53.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07723 is $10,707 per month. Households that rent pay about 19.48% of their income on rent here. 07723’s most expensive areas are in the central regions, while the cheapest areas are in the western 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
- 07711, NJ: less expensive homes
- 07755, NJ: less expensive homes
- 07712, NJ: less expensive homes
- 07764, NJ: less expensive homes
- 07756, NJ: less expensive homes
- 07720, NJ: less expensive homes
- 07740, NJ: less expensive homes
- 07753, NJ: less expensive homes
- 07717, NJ: equally priced homes
- 07757, NJ: less expensive homes
Zip Codes with Similar Populations
- 56653, MN: less expensive homes
- 61379, IL: less expensive homes
- 36006, AL: less expensive homes
- 41348, KY: less expensive homes
- 41640, KY: less expensive homes
- 54721, WI: less expensive homes
- 54748, WI: less expensive homes
- 56149, MN: less expensive homes
- 57012, SD: less expensive homes
- 58282, ND: less expensive homes
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