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Affordable
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These days, finding an affordable place to live in the 08340 area can be challenging. Home prices in 08340 are now at a median cost of $282,624, lower than the New Jersey average of $496,577.
The average cost of rent is $1,418/mo in 08340, primarily driven by the current value of real estate in the 08340 area. In 08340, 14.18% of households rent, and 52.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08340 is $6,614 per month. Households that rent pay about 21.44% of their income on rent here. 08340’s most expensive areas are in the central regions, while the cheapest areas are in the southern 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
- 08317, NJ: less expensive homes
- 08350, NJ: equally priced homes
- 08319, NJ: equally priced homes
- 08310, NJ: less expensive homes
- 08361, NJ: equally priced homes
- 08326, NJ: higher priced homes
- 08341, NJ: less expensive homes
- 08346, NJ: less expensive homes
- 08360, NJ: less expensive homes
- 08330, NJ: less expensive homes
Zip Codes with Similar Populations
- 81225, CO: higher priced homes
- 65054, MO: less expensive homes
- 79789, TX: less expensive homes
- 77538, TX: less expensive homes
- 31034, GA: less expensive homes
- 89440, NV: higher priced homes
- 31307, GA: less expensive homes
- 36761, AL: less expensive homes
- 62046, IL: less expensive homes
- 87056, NM: less expensive homes
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