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Affordable
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These days, finding an affordable place to live in the 08088 area can be challenging. Home prices in 08088 are now at a median cost of $375,611, lower than the New Jersey average of $496,577.
The average cost of rent is $2,086/mo in 08088, primarily driven by the current value of real estate in the 08088 area. In 08088, 4.50% of households rent, and 42.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08088 is $9,800 per month. Households that rent pay about 21.29% of their income on rent here. 08088’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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
- 08055, NJ: higher priced homes
- 08068, NJ: less expensive homes
- 08048, NJ: higher priced homes
- 08064, NJ: less expensive homes
- 08053, NJ: equally priced homes
- 08036, NJ: higher priced homes
- 08640, NJ: equally priced homes
- 08019, NJ: equally priced homes
- 08015, NJ: less expensive homes
- 08004, NJ: less expensive homes
Zip Codes with Similar Populations
- 88030, NM: less expensive homes
- 08037, NJ: less expensive homes
- 46321, IN: equally priced homes
- 99502, AK: higher priced homes
- 98292, WA: higher priced homes
- 95531, CA: equally priced homes
- 92277, CA: less expensive homes
- 92011, CA: higher priced homes
- 77578, TX: higher priced homes
- 77026, TX: less expensive homes
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