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Affordable
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These days, finding an affordable place to live in the 08087 area can be challenging. Home prices in 08087 are now at a median cost of $347,347, lower than the New Jersey average of $496,577.
The average cost of rent is $1,914/mo in 08087, primarily driven by the current value of real estate in the 08087 area. In 08087, 16.51% of households rent, and 39.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08087 is $7,958 per month. Households that rent pay about 24.05% of their income on rent here. 08087’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western 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
- 08224, NJ: equally priced homes
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Zip Codes with Similar Populations
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