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These days, finding an affordable place to live in the 08402 area can be challenging. Home prices in 08402 are now at a median cost of $768,225, higher than the New Jersey average of $496,577.
The average cost of rent is $746/mo in 08402, primarily driven by the current value of real estate in the 08402 area. In 08402, 11.62% of households rent, and 46.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08402 is $11,733 per month. Households that rent pay about 6.36% of their income on rent here. 08402’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 08403, NJ: higher priced homes
- 08406, NJ: less expensive homes
- 08225, NJ: less expensive homes
- 08221, NJ: less expensive homes
- 08401, NJ: less expensive homes
- 08232, NJ: less expensive homes
- 08244, NJ: less expensive homes
- 08226, NJ: higher priced homes
- 08201, NJ: less expensive homes
- 08234, NJ: less expensive homes
Zip Codes with Similar Populations
- 24641, VA: less expensive homes
- 06441, CT: less expensive homes
- 06279, CT: less expensive homes
- 03870, NH: higher priced homes
- 38363, TN: less expensive homes
- 36549, AL: less expensive homes
- 37010, TN: less expensive homes
- 92363, CA: less expensive homes
- 37885, TN: less expensive homes
- 00901, PR: less expensive homes
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