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Affordable
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These days, finding an affordable place to live in the 08562 area can be challenging. Home prices in 08562 are now at a median cost of $276,514, lower than the New Jersey average of $496,577.
The average cost of rent is $1,388/mo in 08562, primarily driven by the current value of real estate in the 08562 area. In 08562, 42.67% of households rent, and 66.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08562 is $7,913 per month. Households that rent pay about 17.54% of their income on rent here. 08562’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 08641, NJ: higher priced homes
- 08511, NJ: higher priced homes
- 08640, NJ: higher priced homes
- 08042, NJ: higher priced homes
- 08041, NJ: higher priced homes
- 08533, NJ: higher priced homes
- 08515, NJ: higher priced homes
- 08022, NJ: higher priced homes
- 08514, NJ: higher priced homes
- 08015, NJ: less expensive homes
Zip Codes with Similar Populations
- 27823, NC: less expensive homes
- 15853, PA: less expensive homes
- 16933, PA: less expensive homes
- 85634, AZ: less expensive homes
- 17737, PA: less expensive homes
- 83467, ID: higher priced homes
- 24065, VA: equally priced homes
- 83211, ID: equally priced homes
- 27306, NC: less expensive homes
- 82201, WY: equally priced homes
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