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Affordable
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These days, finding an affordable place to live in the 08097 area can be challenging. Home prices in 08097 are now at a median cost of $288,896, lower than the New Jersey average of $496,577.
The average cost of rent is $1,403/mo in 08097, primarily driven by the current value of real estate in the 08097 area. In 08097, 4.76% of households rent, and 33.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08097 is $10,238 per month. Households that rent pay about 13.71% of their income on rent here. 08097’s most expensive areas are in the central 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
- 08090, NJ: equally priced homes
- 08096, NJ: equally priced homes
- 08051, NJ: equally priced homes
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- 08061, NJ: higher priced homes
- 08093, NJ: less expensive homes
- 08063, NJ: less expensive homes
- 08020, NJ: higher priced homes
- 08066, NJ: less expensive homes
- 08029, NJ: less expensive homes
Zip Codes with Similar Populations
- 29047, SC: less expensive homes
- 79235, TX: less expensive homes
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- 15672, PA: less expensive homes
- 15846, PA: less expensive homes
- 59865, MT: higher priced homes
- 59716, MT: higher priced homes
- 55718, MN: equally priced homes
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