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Affordable
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These days, finding an affordable place to live in the 08080 area can be challenging. Home prices in 08080 are now at a median cost of $356,255, lower than the New Jersey average of $496,577.
The average cost of rent is $1,708/mo in 08080, primarily driven by the current value of real estate in the 08080 area. In 08080, 11.52% of households rent, and 30.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08080 is $10,473 per month. Households that rent pay about 16.30% of their income on rent here. 08080’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern 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
- 08071, NJ: less expensive homes
- 08032, NJ: higher priced homes
- 08012, NJ: less expensive homes
- 08028, NJ: less expensive homes
- 08090, NJ: less expensive homes
- 08051, NJ: less expensive homes
- 08097, NJ: less expensive homes
- 08081, NJ: less expensive homes
- 08096, NJ: less expensive homes
- 08021, NJ: less expensive homes
Zip Codes with Similar Populations
- 49120, MI: less expensive homes
- 06460, CT: higher priced homes
- 92672, CA: higher priced homes
- 89002, NV: higher priced homes
- 00728, PR: less expensive homes
- 94404, CA: higher priced homes
- 84045, UT: higher priced homes
- 72023, AR: less expensive homes
- 63011, MO: higher priced homes
- 60477, IL: less expensive homes
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