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These days, finding an affordable place to live in the 08051 area can be challenging. Home prices in 08051 are now at a median cost of $298,278, lower than the New Jersey average of $496,577.
The average cost of rent is $1,662/mo in 08051, primarily driven by the current value of real estate in the 08051 area. In 08051, 19.38% of households rent, and 27.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08051 is $10,594 per month. Households that rent pay about 15.69% of their income on rent here. 08051’s most expensive areas are in the northwestern 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
- 08061, NJ: higher priced homes
- 08090, NJ: equally priced homes
- 08097, NJ: equally priced homes
- 08020, NJ: higher priced homes
- 08086, NJ: equally priced homes
- 08056, NJ: higher priced homes
- 08096, NJ: equally priced homes
- 08066, NJ: less expensive homes
- 08071, NJ: equally priced homes
- 08062, NJ: higher priced homes
Zip Codes with Similar Populations
- 06482, CT: higher priced homes
- 66111, KS: less expensive homes
- 32169, FL: higher priced homes
- 41472, KY: less expensive homes
- 43338, OH: less expensive homes
- 48215, MI: less expensive homes
- 20732, MD: higher priced homes
- 19352, PA: higher priced homes
- 78061, TX: less expensive homes
- 79316, TX: less expensive homes
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