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Affordable
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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 $291,016, lower than the New Jersey average of $496,577.
The average cost of rent is $1,419/mo in 08318, primarily driven by the current value of real estate in the 08318 area. In 08318, 15.84% of households rent, and 46.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08318 is $7,981 per month. Households that rent pay about 17.78% of their income on rent here. 08318’s most expensive areas are in the western regions, while the cheapest areas are in the northern 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
- 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: equally priced homes
Zip Codes with Similar Populations
- 77836, TX: less expensive homes
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