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Expensive
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These days, finding an affordable place to live in the 08540 area can be challenging. Home prices in 08540 are now at a median cost of $696,402, higher than the New Jersey average of $388,929.
The average cost of rent is $1,921/mo in 08540, primarily driven by the current value of real estate in the 08540 area. While nearly 43.73% of residents own their homes outright in 08540, 38.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08540 is $11,997 per month. Households that rent pay about 16.01% of their income on rent here. 08540's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 08542, NJ: higher priced homes
- 08544, NJ: higher priced homes
- 08528, NJ: less expensive homes
- 08553, NJ: less expensive homes
- 08536, NJ: less expensive homes
- 08558, NJ: higher priced homes
- 08550, NJ: equally priced homes
- 08852, NJ: less expensive homes
- 08502, NJ: less expensive homes
- 08824, NJ: less expensive homes
Zip Codes with Similar Populations
- 21043, MD: less expensive homes
- 30252, GA: less expensive homes
- 32712, FL: less expensive homes
- 89131, NV: less expensive homes
- 20110, VA: less expensive homes
- 92886, CA: higher priced homes
- 19380, PA: less expensive homes
- 15301, PA: less expensive homes
- 11237, NY: higher priced homes
- 02149, MA: less expensive homes
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