
Expensive
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These days, finding an affordable place to live in the 08724 area can be challenging. Home prices in 08724 are now at a median cost of $296,545, lower than the New Jersey average of $388,929.
The average cost of rent is $1,699/mo in 08724, primarily driven by the current value of real estate in the 08724 area. While nearly 30.99% of residents own their homes outright in 08724, 17.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08724 is $6,964 per month. Households that rent pay about 24.40% of their income on rent here. 08724's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 08742, NJ: higher priced homes
- 08730, NJ: higher priced homes
- 08723, NJ: higher priced homes
- 08736, NJ: higher priced homes
- 08720, NJ: higher priced homes
- 08750, NJ: higher priced homes
- 08701, NJ: higher priced homes
- 08738, NJ: higher priced homes
- 07762, NJ: higher priced homes
- 07731, NJ: higher priced homes
Zip Codes with Similar Populations
- 92037, CA: higher priced homes
- 34759, FL: less expensive homes
- 01085, MA: less expensive homes
- 95835, CA: higher priced homes
- 42240, KY: less expensive homes
- 46385, IN: less expensive homes
- 70058, LA: less expensive homes
- 12603, NY: equally priced homes
- 75231, TX: higher priced homes
- 73012, OK: equally priced homes
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