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These days, finding an affordable place to live in the 08029 area can be challenging. Home prices in 08029 are now at a median cost of $248,647, lower than the New Jersey average of $496,577.
The average cost of rent is $1,020/mo in 08029, primarily driven by the current value of real estate in the 08029 area. In 08029, 25.52% of households rent, and 26.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08029 is $8,148 per month. Households that rent pay about 12.52% of their income on rent here. 08029’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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
- 08078, NJ: equally priced homes
- 08007, NJ: higher priced homes
- 08049, NJ: equally priced homes
- 08083, NJ: equally priced homes
- 08031, NJ: equally priced homes
- 08035, NJ: higher priced homes
- 08045, NJ: equally priced homes
- 08084, NJ: equally priced homes
- 08059, NJ: equally priced homes
- 08106, NJ: higher priced homes
Zip Codes with Similar Populations
- 35072, AL: less expensive homes
- 49073, MI: less expensive homes
- 48866, MI: less expensive homes
- 48763, MI: less expensive homes
- 48658, MI: less expensive homes
- 42053, KY: less expensive homes
- 41171, KY: less expensive homes
- 39422, MS: less expensive homes
- 38079, TN: less expensive homes
- 38040, TN: less expensive homes
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