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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 $389,210, lower than the New Jersey average of $496,577.
The average cost of rent is $1,851/mo in 08505, primarily driven by the current value of real estate in the 08505 area. In 08505, 30.45% of households rent, and 34.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08505 is $10,145 per month. Households that rent pay about 18.24% of their income on rent here. 08505’s most expensive areas are in the western 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
- 08515, NJ: higher priced homes
- 08554, NJ: less expensive homes
- 08620, NJ: equally priced homes
- 08022, NJ: higher priced homes
- 08518, NJ: less expensive homes
- 08610, NJ: less expensive homes
- 08611, NJ: less expensive homes
- 19054, PA: equally priced 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: equally priced homes
- 33534, FL: less expensive homes
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