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Affordable
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These days, finding an affordable place to live in the 08071 area can be challenging. Home prices in 08071 are now at a median cost of $284,529, lower than the New Jersey average of $496,577.
The average cost of rent is $1,617/mo in 08071, primarily driven by the current value of real estate in the 08071 area. In 08071, 25.74% of households rent, and 25.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08071 is $8,257 per month. Households that rent pay about 19.59% of their income on rent here. 08071’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
- 08028, NJ: equally priced homes
- 08080, NJ: higher priced homes
- 08051, NJ: equally priced homes
- 08062, NJ: higher priced homes
- 08090, NJ: equally priced homes
- 08032, NJ: higher priced homes
- 08012, NJ: equally priced homes
- 08312, NJ: less expensive homes
- 08097, NJ: equally priced homes
- 08061, NJ: higher priced homes
Zip Codes with Similar Populations
- 31730, GA: less expensive homes
- 54944, WI: higher priced homes
- 53086, WI: higher priced homes
- 52353, IA: less expensive homes
- 37871, TN: less expensive homes
- 37381, TN: less expensive homes
- 37185, TN: less expensive homes
- 35620, AL: less expensive homes
- 35068, AL: less expensive homes
- 32561, FL: higher priced homes
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