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Affordable
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These days, finding an affordable place to live in the 08042 area can be challenging. Home prices in 08042 are now at a median cost of $518,100, higher than the New Jersey average of $496,577.
The average cost of rent is $1,414/mo in 08042, primarily driven by the current value of real estate in the 08042 area. In 08042, 6.71% of households rent, and 28.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08042 is $12,141 per month. Households that rent pay about 11.65% of their income on rent here. 08042’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 08640, NJ: less expensive homes
- 08041, NJ: equally priced homes
- 08068, NJ: less expensive homes
- 08064, NJ: less expensive homes
- 08641, NJ: less expensive homes
- 08022, NJ: less expensive homes
- 08562, NJ: less expensive homes
- 08511, NJ: less expensive homes
- 08015, NJ: less expensive homes
- 08060, NJ: less expensive homes
Zip Codes with Similar Populations
- 45352, OH: less expensive homes
- 92266, CA: less expensive homes
- 83253, ID: less expensive homes
- 58711, ND: less expensive homes
- 73642, OK: less expensive homes
- 72686, AR: less expensive homes
- 72617, AR: less expensive homes
- 72431, AR: less expensive homes
- 72083, AR: less expensive homes
- 70091, LA: less expensive homes
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