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Affordable
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These days, finding an affordable place to live in the 07820 area can be challenging. Home prices in 07820 are now at a median cost of $570,800, higher than the New Jersey average of $496,577.
The average cost of rent is $1,782/mo in 07820, primarily driven by the current value of real estate in the 07820 area. In 07820, 48.01% of households rent, and 21.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07820 is $10,969 per month. Households that rent pay about 16.25% of their income on rent here. 07820’s most expensive areas are in the northern regions, while the cheapest areas are in the northern 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
- 07846, NJ: less expensive homes
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- 07836, NJ: equally priced homes
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Zip Codes with Similar Populations
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