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These days, finding an affordable place to live in the 08502 area can be challenging. Home prices in 08502 are now at a median cost of $603,666, higher than the New Jersey average of $388,929.
The average cost of rent is $2,240/mo in 08502, primarily driven by the current value of real estate in the 08502 area. While nearly 17.76% of residents own their homes outright in 08502, 25.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08502 is $16,686 per month. Households that rent pay about 13.43% of their income on rent here. 08502's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 08844, NJ: less expensive homes
- 08553, NJ: less expensive homes
- 08558, NJ: higher priced homes
- 08823, NJ: less expensive homes
- 08824, NJ: less expensive homes
- 08821, NJ: equally priced homes
- 08528, NJ: less expensive homes
- 08540, NJ: higher priced homes
- 08852, NJ: less expensive homes
- 08835, NJ: less expensive homes
Zip Codes with Similar Populations
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- 60950, IL: less expensive homes
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- 79331, TX: less expensive homes
- 11004, NY: less expensive homes
- 81403, CO: less expensive homes
- 08010, NJ: less expensive homes
- 04345, ME: less expensive homes
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