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These days, finding an affordable place to live in the 08553 area can be challenging. Home prices in 08553 are now at a median cost of $597,200, higher than the New Jersey average of $496,577.
The average cost of rent is $1,799/mo in 08553, primarily driven by the current value of real estate in the 08553 area. In 08553, 23.58% of households rent, and 39.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08553 is $12,338 per month. Households that rent pay about 14.58% of their income on rent here. 08553’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 08528, NJ: equally priced homes
- 08558, NJ: higher priced homes
- 08540, NJ: higher priced homes
- 08542, NJ: higher priced homes
- 08502, NJ: higher priced homes
- 08544, NJ: higher priced homes
- 08824, NJ: equally priced homes
- 08852, NJ: equally priced homes
- 08823, NJ: less expensive homes
- 08536, NJ: equally priced homes
Zip Codes with Similar Populations
- 41568, KY: less expensive homes
- 88020, NM: less expensive homes
- 84521, UT: less expensive homes
- 83423, ID: less expensive homes
- 15684, PA: less expensive homes
- 66418, KS: less expensive homes
- 65264, MO: less expensive homes
- 61929, IL: less expensive homes
- 60549, IL: less expensive homes
- 04255, ME: less expensive homes
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