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These days, finding an affordable place to live in the 08031 area can be challenging. Home prices in 08031 are now at a median cost of $179,278, lower than the New Jersey average of $388,929.
The average cost of rent is $1,048/mo in 08031, primarily driven by the current value of real estate in the 08031 area. While nearly 34.14% of residents own their homes outright in 08031, 33.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08031 is $5,830 per month. Households that rent pay about 17.98% of their income on rent here. 08031's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 08059, NJ: equally priced homes
- 08078, NJ: equally priced homes
- 08035, NJ: higher priced homes
- 08106, NJ: higher priced homes
- 08030, NJ: less expensive homes
- 08007, NJ: equally priced homes
- 08093, NJ: less expensive homes
- 08029, NJ: equally priced homes
- 08107, NJ: equally priced homes
- 08049, NJ: equally priced homes
Zip Codes with Similar Populations
- 60501, IL: equally priced homes
- 30529, GA: equally priced homes
- 36064, AL: higher priced homes
- 36587, AL: less expensive homes
- 38060, TN: higher priced homes
- 46394, IN: less expensive homes
- 46403, IN: less expensive homes
- 49849, MI: less expensive homes
- 50138, IA: equally priced homes
- 52556, IA: less expensive homes
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