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These days, finding an affordable place to live in the 08550 area can be challenging. Home prices in 08550 are now at a median cost of $643,012, higher than the New Jersey average of $388,929.
The average cost of rent is $2,392/mo in 08550, primarily driven by the current value of real estate in the 08550 area. While nearly 36.09% of residents own their homes outright in 08550, 18.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08550 is $17,294 per month. Households that rent pay about 13.83% of their income on rent here. 08550's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 08561, NJ: less expensive homes
- 08536, NJ: less expensive homes
- 08512, NJ: less expensive homes
- 08544, NJ: higher priced homes
- 08691, NJ: less expensive homes
- 08542, NJ: higher priced homes
- 08540, NJ: equally priced homes
- 08690, NJ: less expensive homes
- 08520, NJ: less expensive homes
- 08619, NJ: less expensive homes
Zip Codes with Similar Populations
- 10543, NY: higher priced homes
- 83338, ID: less expensive homes
- 15239, PA: less expensive homes
- 90732, CA: equally priced homes
- 32960, FL: less expensive homes
- 48420, MI: less expensive homes
- 45030, OH: less expensive homes
- 53005, WI: less expensive homes
- 63141, MO: less expensive homes
- 74021, OK: less expensive homes
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