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These days, finding an affordable place to live in the 08203 area can be challenging. Home prices in 08203 are now at a median cost of $367,347, lower than the New Jersey average of $388,929.
The average cost of rent is $1,490/mo in 08203, primarily driven by the current value of real estate in the 08203 area. While nearly 39.83% of residents own their homes outright in 08203, 25.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08203 is $7,255 per month. Households that rent pay about 20.54% of their income on rent here. 08203's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 08401, NJ: less expensive homes
- 08406, NJ: less expensive homes
- 08201, NJ: less expensive homes
- 08232, NJ: less expensive homes
- 08402, NJ: higher priced homes
- 08205, NJ: less expensive homes
- 08225, NJ: less expensive homes
- 08403, NJ: higher priced homes
- 08241, NJ: less expensive homes
- 08240, NJ: less expensive homes
Zip Codes with Similar Populations
- 01583, MA: less expensive homes
- 86011, AZ: higher priced homes
- 06085, CT: equally priced homes
- 30415, GA: less expensive homes
- 35952, AL: less expensive homes
- 54217, WI: less expensive homes
- 35474, AL: less expensive homes
- 34229, FL: higher priced homes
- 33476, FL: less expensive homes
- 32347, FL: less expensive homes
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