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These days, finding an affordable place to live in the 08505 area can be challenging. Home prices in 08505 are now at a median cost of $318,694, lower than the New Jersey average of $388,929.
The average cost of rent is $1,486/mo in 08505, primarily driven by the current value of real estate in the 08505 area. While nearly 25.84% of residents own their homes outright in 08505, 19.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08505 is $8,996 per month. Households that rent pay about 16.52% of their income on rent here. 08505's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 08515, NJ: higher priced homes
- 08554, NJ: less expensive homes
- 08620, NJ: less expensive homes
- 08022, NJ: higher priced homes
- 08518, NJ: less expensive homes
- 08610, NJ: less expensive homes
- 08611, NJ: less expensive homes
- 19054, PA: less expensive homes
- 08629, NJ: less expensive homes
- 08609, NJ: less expensive homes
Zip Codes with Similar Populations
- 40962, KY: less expensive homes
- 32141, FL: less expensive homes
- 80487, CO: higher priced homes
- 80007, CO: higher priced homes
- 77437, TX: less expensive homes
- 22151, VA: higher priced homes
- 48240, MI: less expensive homes
- 32827, FL: higher priced homes
- 33035, FL: less expensive homes
- 33534, FL: less expensive homes
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