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These days, finding an affordable place to live in the 08048 area can be challenging. Home prices in 08048 are now at a median cost of $435,158, lower than the New Jersey average of $496,577.
The average cost of rent is $1,379/mo in 08048, primarily driven by the current value of real estate in the 08048 area. In 08048, 26.82% of households rent, and 34.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08048 is $11,118 per month. Households that rent pay about 12.40% of their income on rent here. 08048’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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
- 08036, NJ: equally priced homes
- 08060, NJ: less expensive homes
- 08073, NJ: less expensive homes
- 08054, NJ: less expensive homes
- 08068, NJ: less expensive homes
- 08046, NJ: less expensive homes
- 08055, NJ: higher priced homes
- 08016, NJ: less expensive homes
- 08042, NJ: higher priced homes
- 08041, NJ: higher priced homes
Zip Codes with Similar Populations
- 13209, NY: less expensive homes
- 66112, KS: less expensive homes
- 20851, MD: higher priced homes
- 20607, MD: higher priced homes
- 20005, DC: higher priced homes
- 19943, DE: less expensive homes
- 70538, LA: less expensive homes
- 90094, CA: higher priced homes
- 11778, NY: equally priced homes
- 10528, NY: higher priced homes
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