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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 $399,389, lower than the New Jersey average of $496,577.
The average cost of rent is $1,720/mo in 08005, primarily driven by the current value of real estate in the 08005 area. In 08005, 11.69% of households rent, and 40.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08005 is $7,783 per month. Households that rent pay about 22.10% of their income on rent here. 08005’s most expensive areas are in the southwestern 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
- 08050, NJ: higher priced homes
- 08758, NJ: higher priced homes
- 08731, NJ: equally priced homes
- 08092, NJ: equally priced homes
- 08006, NJ: higher priced homes
- 08734, NJ: higher priced homes
- 08008, NJ: higher priced homes
- 08019, NJ: less expensive homes
- 08088, NJ: equally priced homes
- 08037, NJ: less expensive homes
Zip Codes with Similar Populations
- 92251, CA: equally priced homes
- 98106, WA: higher priced homes
- 35023, AL: less expensive homes
- 84117, UT: higher priced homes
- 60448, IL: equally 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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