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These days, finding an affordable place to live in the 08243 area can be challenging. Home prices in 08243 are now at a median cost of $1,071,394, higher than the New Jersey average of $496,577.
The average cost of rent is $1,351/mo in 08243, primarily driven by the current value of real estate in the 08243 area. In 08243, 7.25% of households rent, and 44.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08243 is $8,912 per month. Households that rent pay about 15.16% of their income on rent here. 08243’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern 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
- 08202, NJ: higher priced homes
- 08248, NJ: equally priced homes
- 08230, NJ: less expensive homes
- 08247, NJ: higher priced homes
- 08210, NJ: less expensive homes
- 08223, NJ: less expensive homes
- 08270, NJ: less expensive homes
- 08226, NJ: less expensive homes
- 08242, NJ: less expensive homes
- 08314, NJ: less expensive homes
Zip Codes with Similar Populations
- 97738, OR: less expensive homes
- 85348, AZ: less expensive homes
- 98377, WA: less expensive homes
- 97112, OR: less expensive homes
- 49255, MI: less expensive homes
- 30456, GA: less expensive homes
- 06782, CT: less expensive homes
- 85530, AZ: less expensive homes
- 64490, MO: less expensive homes
- 59323, MT: less expensive homes
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