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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 $791,029, higher than the New Jersey average of $496,577.
The average cost of rent is $2,205/mo in 08502, primarily driven by the current value of real estate in the 08502 area. In 08502, 17.89% of households rent, and 22.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08502 is $19,333 per month. Households that rent pay about 11.41% of their income on rent here. 08502’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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
- 08844, NJ: less expensive homes
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- 08821, NJ: less expensive 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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- 04345, ME: less expensive homes
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