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These days, finding an affordable place to live in the 08007 area can be challenging. Home prices in 08007 are now at a median cost of $192,817, lower than the New Jersey average of $388,929.
The average cost of rent is $1,088/mo in 08007, primarily driven by the current value of real estate in the 08007 area. While nearly 47.30% of residents own their homes outright in 08007, 52.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08007 is $5,591 per month. Households that rent pay about 19.47% of their income on rent here. 08007's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 08035, NJ: higher priced homes
- 08049, NJ: equally priced homes
- 08078, NJ: less expensive homes
- 08045, NJ: higher priced homes
- 08029, NJ: equally priced homes
- 08031, NJ: equally priced homes
- 08106, NJ: higher priced homes
- 08083, NJ: equally priced homes
- 08059, NJ: equally priced homes
- 08033, NJ: higher priced homes
Zip Codes with Similar Populations
- 28391, NC: less expensive homes
- 70591, LA: less expensive homes
- 45710, OH: less expensive homes
- 96717, HI: higher priced homes
- 36549, AL: less expensive homes
- 97630, OR: higher priced homes
- 10516, NY: higher priced homes
- 08853, NJ: higher priced homes
- 98315, WA: higher priced homes
- 32621, FL: less expensive homes
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