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These days, finding an affordable place to live in the 08005 area can be challenging. Home prices in 08005 are now at a median cost of $294,991, lower than the New Jersey average of $388,929.
The average cost of rent is $1,644/mo in 08005, primarily driven by the current value of real estate in the 08005 area. While nearly 35.74% of residents own their homes outright in 08005, 11.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08005 is $7,567 per month. Households that rent pay about 21.72% of their income on rent here. 08005's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 08050, NJ: higher priced homes
- 08758, NJ: higher priced homes
- 08731, NJ: higher priced homes
- 08092, NJ: equally priced homes
- 08006, NJ: higher priced homes
- 08734, NJ: equally priced homes
- 08008, NJ: higher priced homes
- 08019, NJ: equally priced homes
- 08088, NJ: equally priced homes
- 08037, NJ: less expensive homes
Zip Codes with Similar Populations
- 92251, CA: less expensive homes
- 98106, WA: higher priced homes
- 35023, AL: less expensive homes
- 84117, UT: higher priced homes
- 60448, IL: higher priced homes
- 55057, MN: equally priced homes
- 53150, WI: higher priced homes
- 74701, OK: less expensive homes
- 75407, TX: less expensive homes
- 35124, AL: less expensive homes
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