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Affordable
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These days, finding an affordable place to live in the 08501 area can be challenging. Home prices in 08501 are now at a median cost of $584,472, higher than the New Jersey average of $496,577.
The average cost of rent is $1,420/mo in 08501, primarily driven by the current value of real estate in the 08501 area. In 08501, 9.00% of households rent, and 44.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08501 is $13,809 per month. Households that rent pay about 10.29% of their income on rent here. 08501’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern 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
- 08691, NJ: equally priced homes
- 08515, NJ: equally priced homes
- 08514, NJ: higher priced homes
- 08620, NJ: less expensive homes
- 08561, NJ: higher priced homes
- 08690, NJ: less expensive homes
- 08555, NJ: less expensive homes
- 08520, NJ: less expensive homes
- 08562, NJ: less expensive homes
- 08533, NJ: less expensive homes
Zip Codes with Similar Populations
- 98922, WA: higher priced homes
- 30530, GA: less expensive homes
- 29666, SC: less expensive homes
- 28428, NC: equally priced homes
- 26426, WV: less expensive homes
- 19127, PA: less expensive homes
- 18072, PA: less expensive homes
- 62439, IL: less expensive homes
- 15223, PA: less expensive homes
- 64730, MO: less expensive homes
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