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Affordable
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These days, finding an affordable place to live in the 08401 area can be challenging. Home prices in 08401 are now at a median cost of $211,444, lower than the New Jersey average of $496,577.
The average cost of rent is $1,146/mo in 08401, primarily driven by the current value of real estate in the 08401 area. In 08401, 69.62% of households rent, and 58.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08401 is $3,837 per month. Households that rent pay about 29.87% of their income on rent here. 08401’s most expensive areas are in the northeastern 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
- 08406, NJ: higher priced homes
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- 08232, NJ: equally priced homes
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- 08201, NJ: higher priced homes
- 08225, NJ: higher priced homes
- 08221, NJ: higher priced homes
- 08205, NJ: higher priced homes
- 08244, NJ: higher priced homes
Zip Codes with Similar Populations
- 37207, TN: higher priced homes
- 55110, MN: higher priced homes
- 48154, MI: higher priced homes
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- 46901, IN: less expensive homes
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- 44224, OH: higher priced homes
- 44134, OH: less expensive homes
- 44094, OH: higher priced homes
- 43615, OH: less expensive homes
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