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These days, finding an affordable place to live in the 08108 area can be challenging. Home prices in 08108 are now at a median cost of $397,489, lower than the New Jersey average of $496,577.
The average cost of rent is $1,681/mo in 08108, primarily driven by the current value of real estate in the 08108 area. In 08108, 32.83% of households rent, and 34.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08108 is $9,393 per month. Households that rent pay about 17.90% of their income on rent here. 08108’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
- 08107, NJ: less expensive homes
- 08106, NJ: less expensive homes
- 08033, NJ: higher priced homes
- 08104, NJ: less expensive homes
- 08035, NJ: equally priced homes
- 08002, NJ: less expensive homes
- 08109, NJ: less expensive homes
- 08105, NJ: less expensive homes
- 08059, NJ: less expensive homes
- 08103, NJ: less expensive homes
Zip Codes with Similar Populations
- 27576, NC: less expensive homes
- 48334, MI: less expensive homes
- 49783, MI: less expensive homes
- 53024, WI: equally priced homes
- 00782, PR: less expensive homes
- 54656, WI: less expensive homes
- 61364, IL: less expensive homes
- 37090, TN: equally priced homes
- 77012, TX: less expensive homes
- 77051, TX: less expensive homes
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