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These days, finding an affordable place to live in the 08002 area can be challenging. Home prices in 08002 are now at a median cost of $332,761, lower than the New Jersey average of $496,577.
The average cost of rent is $1,942/mo in 08002, primarily driven by the current value of real estate in the 08002 area. In 08002, 32.66% of households rent, and 33.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08002 is $8,634 per month. Households that rent pay about 22.49% of their income on rent here. 08002’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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
- 08034, NJ: higher priced homes
- 08052, NJ: less expensive homes
- 08109, NJ: less expensive homes
- 08108, NJ: higher priced homes
- 08033, NJ: higher priced homes
- 08110, NJ: less expensive homes
- 08105, NJ: less expensive homes
- 08107, NJ: less expensive homes
- 08106, NJ: less expensive homes
- 08003, NJ: higher priced homes
Zip Codes with Similar Populations
- 88030, NM: less expensive homes
- 95531, CA: equally priced homes
- 55412, MN: less expensive homes
- 40741, KY: less expensive homes
- 44024, OH: equally priced homes
- 44857, OH: less expensive homes
- 45133, OH: less expensive homes
- 46158, IN: less expensive homes
- 46517, IN: less expensive homes
- 50131, IA: higher priced homes
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