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Affordable
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These days, finding an affordable place to live in the 08062 area can be challenging. Home prices in 08062 are now at a median cost of $491,887, lower than the New Jersey average of $496,577.
The average cost of rent is $1,384/mo in 08062, primarily driven by the current value of real estate in the 08062 area. In 08062, 7.83% of households rent, and 27.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08062 is $13,221 per month. Households that rent pay about 10.47% of their income on rent here. 08062’s most expensive areas are in the eastern 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
- 08039, NJ: equally priced homes
- 08056, NJ: equally priced homes
- 08051, NJ: less expensive homes
- 08071, NJ: less expensive homes
- 08020, NJ: less expensive homes
- 08061, NJ: less expensive homes
- 08028, NJ: less expensive homes
- 08085, NJ: less expensive homes
- 08090, NJ: less expensive homes
- 08343, NJ: less expensive homes
Zip Codes with Similar Populations
- 47112, IN: less expensive homes
- 02806, RI: higher priced homes
- 53575, WI: less expensive homes
- 13039, NY: less expensive homes
- 14052, NY: less expensive homes
- 76247, TX: less expensive homes
- 35903, AL: less expensive homes
- 48304, MI: higher priced homes
- 55398, MN: less expensive homes
- 55720, MN: less expensive homes
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