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Affordable
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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 $214,140, lower than the New Jersey average of $496,577.
The average cost of rent is $1,419/mo in 08316, primarily driven by the current value of real estate in the 08316 area. In 08316, 18.69% of households rent, and 54.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08316 is $6,481 per month. Households that rent pay about 21.90% of their income on rent here. 08316’s most expensive areas are in the eastern regions, while the cheapest areas are in the central 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
- 08327, NJ: equally priced homes
- 08329, NJ: less expensive homes
- 08348, NJ: higher priced homes
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- 08314, NJ: equally priced homes
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- 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: equally priced homes
- 97636, OR: higher priced 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: less expensive homes
- 04853, ME: higher priced homes
- 04777, ME: less expensive homes
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