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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 $515,019, higher than the New Jersey average of $388,929.
The average cost of rent is $1,244/mo in 08402, primarily driven by the current value of real estate in the 08402 area. While nearly 50.20% of residents own their homes outright in 08402, 15.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08402 is $9,015 per month. Households that rent pay about 13.80% of their income on rent here. 08402's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the zip.
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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