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These days, finding an affordable place to live in the 07823 area can be challenging. Home prices in 07823 are now at a median cost of $333,874, lower than the New Jersey average of $496,577.
The average cost of rent is $1,189/mo in 07823, primarily driven by the current value of real estate in the 07823 area. In 07823, 29.67% of households rent, and 41.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07823 is $7,651 per month. Households that rent pay about 15.55% of their income on rent here. 07823’s most expensive areas are in the southeastern 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
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Zip Codes with Similar Populations
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- 85361, AZ: higher priced homes
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