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These days, finding an affordable place to live in the 08045 area can be challenging. Home prices in 08045 are now at a median cost of $238,555, lower than the New Jersey average of $496,577.
The average cost of rent is $1,053/mo in 08045, primarily driven by the current value of real estate in the 08045 area. In 08045, 35.48% of households rent, and 43.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08045 is $5,936 per month. Households that rent pay about 17.75% of their income on rent here. 08045’s most expensive areas are in the southern 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
- 08049, NJ: equally priced homes
- 08007, NJ: higher priced homes
- 08083, NJ: higher priced homes
- 08035, NJ: higher priced homes
- 08033, NJ: higher priced homes
- 08078, NJ: equally priced homes
- 08084, NJ: equally priced homes
- 08029, NJ: equally priced homes
- 08106, NJ: higher priced homes
- 08034, NJ: higher priced homes
Zip Codes with Similar Populations
- 40516, KY: higher priced homes
- 03576, NH: less expensive homes
- 62670, IL: less expensive homes
- 56277, MN: less expensive homes
- 54814, WI: less expensive homes
- 12458, NY: equally priced homes
- 72101, AR: less expensive homes
- 28512, NC: higher priced homes
- 42406, KY: less expensive homes
- 08804, NJ: higher priced homes
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