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Affordable
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These days, finding an affordable place to live in the 08003 area can be challenging. Home prices in 08003 are now at a median cost of $455,811, lower than the New Jersey average of $496,577.
The average cost of rent is $1,942/mo in 08003, primarily driven by the current value of real estate in the 08003 area. In 08003, 15.54% of households rent, and 38.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08003 is $13,844 per month. Households that rent pay about 14.02% of their income on rent here. 08003’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern 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
- 08043, NJ: less expensive homes
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Zip Codes with Similar Populations
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- 98029, WA: higher priced homes
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- 60099, IL: less expensive homes
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