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Affordable
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These days, finding an affordable place to live in the 08043 area can be challenging. Home prices in 08043 are now at a median cost of $405,447, lower than the New Jersey average of $496,577.
The average cost of rent is $1,902/mo in 08043, primarily driven by the current value of real estate in the 08043 area. In 08043, 38.02% of households rent, and 42.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08043 is $11,807 per month. Households that rent pay about 16.11% of their income on rent here. 08043’s most expensive areas are in the eastern regions, while the cheapest areas are in the western 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
- 08026, NJ: less expensive homes
- 08003, NJ: higher priced homes
- 08084, NJ: less expensive homes
- 08091, NJ: equally priced homes
- 08083, NJ: less expensive homes
- 08021, NJ: less expensive homes
- 08045, NJ: less expensive homes
- 08053, NJ: equally priced homes
- 08049, NJ: less expensive homes
- 08034, NJ: equally priced homes
Zip Codes with Similar Populations
- 32583, FL: less expensive homes
- 07840, NJ: equally priced homes
- 55068, MN: equally priced homes
- 74464, OK: less expensive homes
- 93940, CA: higher priced homes
- 44805, OH: less expensive homes
- 20705, MD: higher priced homes
- 76401, TX: less expensive homes
- 79706, TX: less expensive homes
- 32507, FL: less expensive homes
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