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These days, finding an affordable place to live in the 07740 area can be challenging. Home prices in 07740 are now at a median cost of $708,028, higher than the New Jersey average of $496,577.
The average cost of rent is $1,947/mo in 07740, primarily driven by the current value of real estate in the 07740 area. In 07740, 57.26% of households rent, and 46.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07740 is $7,844 per month. Households that rent pay about 24.82% of their income on rent here. 07740’s most expensive areas are in the eastern 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
- 07764, NJ: equally priced homes
- 07757, NJ: equally priced homes
- 07750, NJ: higher priced homes
- 07703, NJ: less expensive homes
- 07755, NJ: higher priced homes
- 07723, NJ: higher priced homes
- 07739, NJ: higher priced homes
- 07702, NJ: equally priced homes
- 07724, NJ: less expensive homes
- 07711, NJ: higher priced homes
Zip Codes with Similar Populations
- 23503, VA: less expensive homes
- 62234, IL: less expensive homes
- 68123, NE: less expensive homes
- 00921, PR: less expensive homes
- 74008, OK: less expensive homes
- 74074, OK: less expensive homes
- 44004, OH: less expensive homes
- 37830, TN: less expensive homes
- 33626, FL: less expensive homes
- 78653, TX: less expensive homes
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