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These days, finding an affordable place to live in the 08205 area can be challenging. Home prices in 08205 are now at a median cost of $269,948, lower than the New Jersey average of $496,577.
The average cost of rent is $1,555/mo in 08205, primarily driven by the current value of real estate in the 08205 area. In 08205, 20.05% of households rent, and 34.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08205 is $7,573 per month. Households that rent pay about 20.54% of their income on rent here. 08205’s most expensive areas are in the southeastern 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
- 08240, NJ: higher priced homes
- 08201, NJ: equally priced homes
- 08241, NJ: higher priced homes
- 08232, NJ: less expensive homes
- 08215, NJ: equally priced homes
- 08225, NJ: higher priced homes
- 08234, NJ: higher priced homes
- 08203, NJ: higher priced homes
- 08401, NJ: less expensive homes
- 08224, NJ: higher priced homes
Zip Codes with Similar Populations
- 02131, MA: higher priced homes
- 40004, KY: less expensive homes
- 33547, FL: higher priced homes
- 32043, FL: higher priced homes
- 28031, NC: higher priced homes
- 24112, VA: less expensive homes
- 15102, PA: equally priced homes
- 01821, MA: higher priced homes
- 06051, CT: less expensive homes
- 07054, NJ: higher priced homes
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