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Affordable
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These days, finding an affordable place to live in the 08512 area can be challenging. Home prices in 08512 are now at a median cost of $617,798, higher than the New Jersey average of $496,577.
The average cost of rent is $1,732/mo in 08512, primarily driven by the current value of real estate in the 08512 area. In 08512, 37.02% of households rent, and 41.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08512 is $12,977 per month. Households that rent pay about 13.35% of their income on rent here. 08512’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern 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
- 08520, NJ: less expensive homes
- 08536, NJ: equally priced homes
- 08550, NJ: higher priced homes
- 08561, NJ: higher priced homes
- 08810, NJ: less expensive homes
- 08831, NJ: equally priced homes
- 08852, NJ: less expensive homes
- 08555, NJ: less expensive homes
- 08691, NJ: equally priced homes
- 08528, NJ: equally priced homes
Zip Codes with Similar Populations
- 72112, AR: less expensive homes
- 24084, VA: less expensive homes
- 33473, FL: higher priced homes
- 33875, FL: less expensive homes
- 34450, FL: less expensive homes
- 46036, IN: less expensive homes
- 46327, IN: less expensive homes
- 60190, IL: less expensive homes
- 61065, IL: less expensive homes
- 61072, IL: less expensive homes
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