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These days, finding an affordable place to live in the 08318 area can be challenging. Home prices in 08318 are now at a median cost of $225,227, lower than the New Jersey average of $388,929.
The average cost of rent is $1,161/mo in 08318, primarily driven by the current value of real estate in the 08318 area. While nearly 43.65% of residents own their homes outright in 08318, 14.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08318 is $6,863 per month. Households that rent pay about 16.91% of their income on rent here. 08318's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 08328, NJ: equally priced homes
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- 08312, NJ: less expensive homes
- 08360, NJ: less expensive homes
- 08302, NJ: less expensive homes
- 08353, NJ: less expensive homes
- 08001, NJ: higher priced homes
Zip Codes with Similar Populations
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- 01030, MA: higher priced homes
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- 76426, TX: less expensive homes
- 77562, TX: less expensive homes
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