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These days, finding an affordable place to live in the 07840 area can be challenging. Home prices in 07840 are now at a median cost of $404,051, lower than the New Jersey average of $496,577.
The average cost of rent is $1,772/mo in 07840, primarily driven by the current value of real estate in the 07840 area. In 07840, 29.29% of households rent, and 25.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07840 is $10,025 per month. Households that rent pay about 17.67% of their income on rent here. 07840’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central 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
- 07880, NJ: higher priced homes
- 07870, NJ: higher priced homes
- 07828, NJ: equally priced homes
- 07820, NJ: higher priced homes
- 07853, NJ: higher priced homes
- 07838, NJ: higher priced homes
- 07865, NJ: higher priced homes
- 07836, NJ: higher priced homes
- 07857, NJ: less expensive homes
- 07846, NJ: higher priced homes
Zip Codes with Similar Populations
- 32583, FL: less expensive homes
- 03060, NH: less expensive homes
- 07039, NJ: higher priced homes
- 07090, NJ: higher priced homes
- 94607, CA: higher priced homes
- 08865, NJ: less expensive homes
- 11417, NY: higher priced homes
- 11572, NY: higher priced homes
- 53140, WI: less expensive homes
- 03079, NH: higher priced homes
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