The Most Affordable Neighborhoods in 08021, NJ by Home Value

These days, finding an affordable place to live in the 08021 area can be challenging. Home prices in 08021 are now at a median cost of $153,727, lower than the New Jersey average of $388,929.

The average cost of rent is $1,183/mo in 08021, primarily driven by the current value of real estate in the 08021 area. While nearly 32.31% of residents own their homes outright in 08021, 44.38% rent.

Housing affordability isn’t just about home prices, though. The average household income in 08021 is $5,484 per month. Households that rent pay about 21.58% of their income on rent here. 08021's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the zip.

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