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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 $206,995, lower than the New Jersey average of $388,929.
The average cost of rent is $1,365/mo in 08051, primarily driven by the current value of real estate in the 08051 area. While nearly 32.90% of residents own their homes outright in 08051, 24.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08051 is $8,154 per month. Households that rent pay about 16.75% of their income on rent here. 08051's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the zip.
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: higher 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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