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Affordable
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These days, finding an affordable place to live in the 08056 area can be challenging. Home prices in 08056 are now at a median cost of $520,899, higher than the New Jersey average of $496,577.
The average cost of rent is $1,524/mo in 08056, primarily driven by the current value of real estate in the 08056 area. In 08056, 0.45% of households rent, and 19.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08056 is $15,524 per month. Households that rent pay about 9.82% of their income on rent here. 08056’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 08020, NJ: less expensive homes
- 08061, NJ: less expensive homes
- 08027, NJ: less expensive homes
- 08066, NJ: less expensive homes
- 08051, NJ: less expensive homes
- 08062, NJ: equally priced homes
- 08085, NJ: less expensive homes
- 08090, NJ: less expensive homes
- 08086, NJ: less expensive homes
- 08014, NJ: less expensive homes
Zip Codes with Similar Populations
- 99025, WA: equally priced homes
- 31569, GA: less expensive homes
- 06791, CT: less expensive homes
- 98359, WA: higher priced homes
- 06248, CT: less expensive homes
- 05465, VT: equally priced homes
- 04009, ME: less expensive homes
- 98380, WA: equally priced homes
- 03036, NH: equally priced homes
- 02568, MA: higher priced homes
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