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These days, finding an affordable place to live in the 07724 area can be challenging. Home prices in 07724 are now at a median cost of $494,303, lower than the New Jersey average of $496,577.
The average cost of rent is $1,959/mo in 07724, primarily driven by the current value of real estate in the 07724 area. In 07724, 29.56% of households rent, and 49.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07724 is $9,292 per month. Households that rent pay about 21.08% of their income on rent here. 07724’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 07703, NJ: equally priced homes
- 07702, NJ: higher priced homes
- 07739, NJ: higher priced homes
- 07757, NJ: higher priced homes
- 07764, NJ: higher priced homes
- 07701, NJ: higher priced homes
- 07755, NJ: higher priced homes
- 07738, NJ: higher priced homes
- 07740, NJ: higher priced homes
- 07704, NJ: higher priced homes
Zip Codes with Similar Populations
- 34974, FL: less expensive homes
- 40342, KY: less expensive homes
- 02021, MA: higher priced homes
- 38930, MS: less expensive homes
- 38464, TN: less expensive homes
- 34736, FL: less expensive homes
- 34715, FL: less expensive homes
- 33936, FL: less expensive homes
- 30141, GA: less expensive homes
- 28334, NC: less expensive homes
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