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Affordable
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These days, finding an affordable place to live in the 07731 area can be challenging. Home prices in 07731 are now at a median cost of $497,740, higher than the New Jersey average of $496,577.
The average cost of rent is $2,461/mo in 07731, primarily driven by the current value of real estate in the 07731 area. In 07731, 11.73% of households rent, and 30.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07731 is $11,442 per month. Households that rent pay about 21.51% of their income on rent here. 07731’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern 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
- 07727, NJ: higher priced homes
- 08701, NJ: higher priced homes
- 08527, NJ: equally priced homes
- 08720, NJ: higher priced homes
- 08724, NJ: less expensive homes
- 07728, NJ: equally priced homes
- 08736, NJ: higher priced homes
- 08730, NJ: higher priced homes
- 07719, NJ: higher priced homes
- 08723, NJ: less expensive homes
Zip Codes with Similar Populations
- 93637, CA: less expensive homes
- 37115, TN: less expensive homes
- 17055, PA: less expensive homes
- 20748, MD: less expensive homes
- 90808, CA: higher priced homes
- 89521, NV: higher priced homes
- 95688, CA: higher priced homes
- 85132, AZ: less expensive homes
- 29708, SC: equally priced homes
- 29803, SC: less expensive homes
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