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Affordable
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These days, finding an affordable place to live in the 08241 area can be challenging. Home prices in 08241 are now at a median cost of $478,390, lower than the New Jersey average of $496,577.
The average cost of rent is $1,963/mo in 08241, primarily driven by the current value of real estate in the 08241 area. In 08241, 4.26% of households rent, and 34.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08241 is $12,332 per month. Households that rent pay about 15.92% of their income on rent here. 08241’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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: less expensive homes
- 08205, NJ: less expensive homes
- 08224, NJ: less expensive homes
- 08215, NJ: less expensive homes
- 08201, NJ: less expensive homes
- 08087, NJ: less expensive homes
- 08203, NJ: higher priced homes
- 08330, NJ: less expensive homes
- 08217, NJ: less expensive homes
- 08092, NJ: less expensive homes
Zip Codes with Similar Populations
- 84033, UT: equally priced homes
- 76525, TX: less expensive homes
- 31309, GA: less expensive homes
- 63823, MO: less expensive homes
- 25124, WV: less expensive homes
- 79097, TX: less expensive homes
- 68067, NE: less expensive homes
- 79092, TX: less expensive homes
- 27941, NC: less expensive homes
- 31065, GA: less expensive homes
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