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Affordable
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These days, finding an affordable place to live in the 07863 area can be challenging. Home prices in 07863 are now at a median cost of $307,948, lower than the New Jersey average of $496,577.
The average cost of rent is $1,392/mo in 07863, primarily driven by the current value of real estate in the 07863 area. In 07863, 10.72% of households rent, and 43.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07863 is $8,201 per month. Households that rent pay about 16.97% of their income on rent here. 07863’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 07823, NJ: equally priced homes
- 07882, NJ: higher priced homes
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- 07838, NJ: higher priced homes
- 07833, NJ: higher priced homes
- 07880, NJ: higher priced homes
- 08826, NJ: higher priced homes
- 07870, NJ: higher priced homes
- 07840, NJ: higher priced homes
- 18343, PA: equally priced homes
Zip Codes with Similar Populations
- 44644, OH: less expensive homes
- 61568, IL: less expensive homes
- 55767, MN: less expensive homes
- 54634, WI: less expensive homes
- 53933, WI: equally priced homes
- 53038, WI: equally priced homes
- 50536, IA: less expensive homes
- 49682, MI: higher priced homes
- 49076, MI: less expensive homes
- 48651, MI: less expensive homes
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