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Affordable
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These days, finding an affordable place to live in the 07950 area can be challenging. Home prices in 07950 are now at a median cost of $579,012, higher than the New Jersey average of $496,577.
The average cost of rent is $2,514/mo in 07950, primarily driven by the current value of real estate in the 07950 area. In 07950, 26.31% of households rent, and 34.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 07950 is $13,362 per month. Households that rent pay about 18.81% of their income on rent here. 07950’s most expensive areas are in the western 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
- 07878, NJ: less expensive homes
- 07927, NJ: higher priced homes
- 07834, NJ: equally priced homes
- 07960, NJ: higher priced homes
- 07981, NJ: equally priced homes
- 07054, NJ: equally priced homes
- 07046, NJ: higher priced homes
- 07801, NJ: less expensive homes
- 07869, NJ: higher priced homes
- 07970, NJ: higher priced homes
Zip Codes with Similar Populations
- 92225, CA: less expensive homes
- 82070, WY: less expensive homes
- 19073, PA: higher priced homes
- 31558, GA: less expensive homes
- 11436, NY: higher priced homes
- 48813, MI: less expensive homes
- 37857, TN: less expensive homes
- 45237, OH: less expensive homes
- 70380, LA: less expensive homes
- 64130, MO: less expensive homes
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