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Affordable
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These days, finding an affordable place to live in the 08037 area can be challenging. Home prices in 08037 are now at a median cost of $331,201, lower than the New Jersey average of $496,577.
The average cost of rent is $1,527/mo in 08037, primarily driven by the current value of real estate in the 08037 area. In 08037, 22.57% of households rent, and 40.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08037 is $7,285 per month. Households that rent pay about 20.97% of their income on rent here. 08037’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern 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
- 08095, NJ: less expensive homes
- 08217, NJ: less expensive homes
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- 08004, NJ: less expensive homes
- 08094, NJ: less expensive homes
- 08310, NJ: less expensive homes
- 08326, NJ: equally priced homes
- 08341, NJ: less expensive homes
- 08009, NJ: equally priced homes
Zip Codes with Similar Populations
- 04210, ME: less expensive homes
- 06042, CT: less expensive homes
- 14220, NY: less expensive homes
- 48134, MI: less expensive homes
- 32233, FL: higher priced homes
- 33432, FL: higher priced homes
- 33703, FL: higher priced homes
- 33870, FL: less expensive homes
- 35020, AL: less expensive homes
- 46041, IN: less expensive homes
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