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These days, finding an affordable place to live in the 08242 area can be challenging. Home prices in 08242 are now at a median cost of $266,009, lower than the New Jersey average of $388,929.
The average cost of rent is $1,267/mo in 08242, primarily driven by the current value of real estate in the 08242 area. While nearly 46.02% of residents own their homes outright in 08242, 34.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08242 is $5,980 per month. Households that rent pay about 21.19% of their income on rent here. 08242's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 08251, NJ: less expensive homes
- 08260, NJ: higher priced homes
- 08204, NJ: higher priced homes
- 08210, NJ: equally priced homes
- 08247, NJ: higher priced homes
- 08212, NJ: higher priced homes
- 08202, NJ: higher priced homes
- 08243, NJ: higher priced homes
- 08248, NJ: higher priced homes
- 19963, DE: equally priced homes
Zip Codes with Similar Populations
- 80642, CO: higher priced homes
- 05143, VT: less expensive homes
- 07440, NJ: higher priced homes
- 13460, NY: less expensive homes
- 13838, NY: less expensive homes
- 89085, NV: higher priced homes
- 26764, WV: less expensive homes
- 54520, WI: less expensive homes
- 35133, AL: less expensive homes
- 71654, AR: less expensive homes
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