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These days, finding an affordable place to live in the 08240 area can be challenging. Home prices in 08240 are now at a median cost of $222,600, lower than the New Jersey average of $388,929.
The average cost of rent is $1,175/mo in 08240, primarily driven by the current value of real estate in the 08240 area. While nearly 71.43% of residents own their homes outright in 08240, 30.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08240 is $5,539 per month. Households that rent pay about 21.21% of their income on rent here. 08240's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 08205, NJ: less expensive homes
- 08241, NJ: higher priced homes
- 08215, NJ: equally priced homes
- 08201, NJ: equally priced homes
- 08232, NJ: less expensive homes
- 08224, NJ: higher priced homes
- 08234, NJ: equally priced homes
- 08225, NJ: equally priced homes
- 08330, NJ: equally priced homes
- 08203, NJ: higher priced homes
Zip Codes with Similar Populations
- 85926, AZ: less expensive homes
- 08095, NJ: equally priced homes
- 25132, WV: less expensive homes
- 76852, TX: less expensive homes
- 77615, TX: less expensive homes
- 28575, NC: higher priced homes
- 28520, NC: less expensive homes
- 56249, MN: less expensive homes
- 26814, WV: less expensive homes
- 26271, WV: less expensive homes
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