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These days, finding an affordable place to live in the 08008 area can be challenging. Home prices in 08008 are now at a median cost of $1,202,847, higher than the New Jersey average of $496,577.
The average cost of rent is $1,757/mo in 08008, primarily driven by the current value of real estate in the 08008 area. In 08008, 8.61% of households rent, and 58.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08008 is $11,074 per month. Households that rent pay about 15.87% of their income on rent here. 08008’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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
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Zip Codes with Similar Populations
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