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Affordable
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These days, finding an affordable place to live in the 08515 area can be challenging. Home prices in 08515 are now at a median cost of $555,530, higher than the New Jersey average of $496,577.
The average cost of rent is $2,500/mo in 08515, primarily driven by the current value of real estate in the 08515 area. In 08515, 3.92% of households rent, and 21.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08515 is $17,546 per month. Households that rent pay about 14.25% of their income on rent here. 08515’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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
- 08620, NJ: less expensive homes
- 08505, NJ: less expensive homes
- 08501, NJ: equally priced homes
- 08022, NJ: less expensive homes
- 08610, NJ: less expensive homes
- 08562, NJ: less expensive homes
- 08691, NJ: equally priced homes
- 08690, NJ: less expensive homes
- 08041, NJ: equally priced homes
- 08554, NJ: less expensive homes
Zip Codes with Similar Populations
- 71646, AR: less expensive homes
- 08230, NJ: less expensive homes
- 11109, NY: equally priced homes
- 11721, NY: higher priced homes
- 26836, WV: less expensive homes
- 32321, FL: less expensive homes
- 35747, AL: less expensive homes
- 53813, WI: less expensive homes
- 70426, LA: less expensive homes
- 01226, MA: less expensive homes
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