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Affordable
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These days, finding an affordable place to live in the 08224 area can be challenging. Home prices in 08224 are now at a median cost of $325,600, lower than the New Jersey average of $496,577.
The average cost of rent is $1,821/mo in 08224, primarily driven by the current value of real estate in the 08224 area. In 08224, 14.04% of households rent, and 43.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08224 is $6,319 per month. Households that rent pay about 28.82% of their income on rent here. 08224’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 08241, NJ: higher priced homes
- 08087, NJ: equally priced homes
- 08240, NJ: less expensive homes
- 08205, NJ: less expensive homes
- 08215, NJ: less expensive homes
- 08092, NJ: higher priced homes
- 08201, NJ: less expensive homes
- 08217, NJ: less expensive homes
- 08008, NJ: higher priced homes
- 08203, NJ: higher priced homes
Zip Codes with Similar Populations
- 97639, OR: less expensive homes
- 49839, MI: less expensive homes
- 95450, CA: higher priced homes
- 76460, TX: less expensive homes
- 97430, OR: equally priced homes
- 83464, ID: equally priced homes
- 44045, OH: less expensive homes
- 98350, WA: less expensive homes
- 39156, MS: less expensive homes
- 47110, IN: less expensive homes
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