Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 08316 area can be challenging. Home prices in 08316 are now at a median cost of $164,093, lower than the New Jersey average of $388,929.
The average cost of rent is $1,177/mo in 08316, primarily driven by the current value of real estate in the 08316 area. While nearly 45.25% of residents own their homes outright in 08316, 23.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08316 is $4,969 per month. Households that rent pay about 23.69% of their income on rent here. 08316's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 08327, NJ: less expensive homes
- 08329, NJ: higher priced homes
- 08348, NJ: higher priced homes
- 08324, NJ: less expensive homes
- 08314, NJ: equally priced homes
- 08349, NJ: equally priced homes
- 08332, NJ: equally priced homes
- 08270, NJ: higher priced homes
- 08319, NJ: higher priced homes
- 08321, NJ: equally priced homes
Zip Codes with Similar Populations
- 12852, NY: less expensive homes
- 97636, OR: less expensive homes
- 97750, OR: higher priced homes
- 98256, WA: higher priced homes
- 98616, WA: higher priced homes
- 12969, NY: less expensive homes
- 49967, MI: less expensive homes
- 99660, AK: higher priced homes
- 04853, ME: higher priced homes
- 04777, ME: less expensive homes
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