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These days, finding an affordable place to live in the 08053 area can be challenging. Home prices in 08053 are now at a median cost of $398,776, lower than the New Jersey average of $496,577.
The average cost of rent is $1,986/mo in 08053, primarily driven by the current value of real estate in the 08053 area. In 08053, 27.68% of households rent, and 30.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08053 is $10,927 per month. Households that rent pay about 18.18% of their income on rent here. 08053’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern 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
- 08003, NJ: higher priced homes
- 08043, NJ: equally priced homes
- 08055, NJ: higher priced homes
- 08054, NJ: equally priced homes
- 08026, NJ: less expensive homes
- 08091, NJ: equally priced homes
- 08034, NJ: equally priced homes
- 08057, NJ: higher priced homes
- 08052, NJ: less expensive homes
- 08045, NJ: less expensive homes
Zip Codes with Similar Populations
- 07304, NJ: higher priced homes
- 49424, MI: less expensive homes
- 91765, CA: higher priced homes
- 94560, CA: higher priced homes
- 95762, CA: higher priced homes
- 10952, NY: higher priced homes
- 08302, NJ: less expensive homes
- 30115, GA: higher priced homes
- 33029, FL: higher priced homes
- 75028, TX: higher priced homes
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