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Expensive
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These days, finding an affordable place to live in the 08020 area can be challenging. Home prices in 08020 are now at a median cost of $289,499, lower than the New Jersey average of $388,929.
The average cost of rent is $1,572/mo in 08020, primarily driven by the current value of real estate in the 08020 area. While nearly 30.02% of residents own their homes outright in 08020, 4.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08020 is $8,809 per month. Households that rent pay about 17.84% of their income on rent here. 08020's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 08061, NJ: equally priced homes
- 08056, NJ: higher priced homes
- 08066, NJ: less expensive homes
- 08051, NJ: less expensive homes
- 08027, NJ: less expensive homes
- 08086, NJ: less expensive homes
- 08090, NJ: less expensive homes
- 08097, NJ: less expensive homes
- 08062, NJ: higher priced homes
- 08063, NJ: less expensive homes
Zip Codes with Similar Populations
- 78357, TX: less expensive homes
- 27844, NC: less expensive homes
- 43787, OH: less expensive homes
- 54228, WI: less expensive homes
- 20117, VA: higher priced homes
- 04258, ME: less expensive homes
- 52356, IA: less expensive homes
- 53049, WI: less expensive homes
- 63638, MO: less expensive homes
- 36852, AL: less expensive homes
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