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Affordable
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These days, finding an affordable place to live in the 08518 area can be challenging. Home prices in 08518 are now at a median cost of $306,470, lower than the New Jersey average of $496,577.
The average cost of rent is $1,486/mo in 08518, primarily driven by the current value of real estate in the 08518 area. In 08518, 29.65% of households rent, and 27.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08518 is $7,651 per month. Households that rent pay about 19.42% of their income on rent here. 08518’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 08554, NJ: less expensive homes
- 19055, PA: equally priced homes
- 19007, PA: equally priced homes
- 19057, PA: equally priced homes
- 19054, PA: higher priced homes
- 08016, NJ: equally priced homes
- 08505, NJ: higher priced homes
- 19030, PA: higher priced homes
- 19056, PA: higher priced homes
- 19021, PA: equally priced homes
Zip Codes with Similar Populations
- 74016, OK: less expensive homes
- 46571, IN: equally priced homes
- 14303, NY: less expensive homes
- 43526, OH: less expensive homes
- 81621, CO: higher priced homes
- 40337, KY: less expensive homes
- 40013, KY: less expensive homes
- 20685, MD: higher priced homes
- 39837, GA: less expensive homes
- 52314, IA: less expensive homes
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