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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 $191,397, lower than the New Jersey average of $388,929.
The average cost of rent is $1,354/mo in 08205, primarily driven by the current value of real estate in the 08205 area. While nearly 45.36% of residents own their homes outright in 08205, 28.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08205 is $6,090 per month. Households that rent pay about 22.23% of their income on rent here. 08205's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the zip.
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: higher 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: equally priced homes
- 33547, FL: higher priced homes
- 32043, FL: higher priced homes
- 28031, NC: higher priced homes
- 24112, VA: less expensive homes
- 15102, PA: higher priced homes
- 01821, MA: higher priced homes
- 06051, CT: less expensive homes
- 07054, NJ: higher priced homes
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