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These days, finding an affordable place to live in the 08720 area can be challenging. Home prices in 08720 are now at a median cost of $762,345, higher than the New Jersey average of $496,577.
The average cost of rent is $3,083/mo in 08720, primarily driven by the current value of real estate in the 08720 area. In 08720, 5.93% of households rent, and 20.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08720 is $17,577 per month. Households that rent pay about 17.54% of their income on rent here. 08720’s most expensive areas are in the central 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
- 08736, NJ: higher priced homes
- 08730, NJ: higher priced homes
- 08750, NJ: higher priced homes
- 07762, NJ: higher priced homes
- 07719, NJ: equally priced homes
- 08724, NJ: less expensive homes
- 08742, NJ: less expensive homes
- 07753, NJ: less expensive homes
- 07717, NJ: higher priced homes
- 07731, NJ: less expensive homes
Zip Codes with Similar Populations
- 89001, NV: less expensive homes
- 12873, NY: less expensive homes
- 62515, IL: less expensive homes
- 21841, MD: less expensive homes
- 18331, PA: less expensive homes
- 77597, TX: less expensive homes
- 84752, UT: less expensive homes
- 89003, NV: less expensive homes
- 62477, IL: less expensive homes
- 13755, NY: less expensive homes
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