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These days, finding an affordable place to live in the 08731 area can be challenging. Home prices in 08731 are now at a median cost of $340,202, lower than the New Jersey average of $388,929.
The average cost of rent is $1,858/mo in 08731, primarily driven by the current value of real estate in the 08731 area. While nearly 39.22% of residents own their homes outright in 08731, 12.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08731 is $7,445 per month. Households that rent pay about 24.96% of their income on rent here. 08731's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 08734, NJ: equally priced homes
- 08758, NJ: equally priced homes
- 08721, NJ: less expensive homes
- 08722, NJ: less expensive homes
- 08741, NJ: equally priced homes
- 08005, NJ: less expensive homes
- 08740, NJ: less expensive homes
- 08732, NJ: higher priced homes
- 08006, NJ: higher priced homes
- 08752, NJ: higher priced homes
Zip Codes with Similar Populations
- 93023, CA: higher priced homes
- 19073, PA: higher priced homes
- 07871, NJ: higher priced homes
- 32459, FL: higher priced homes
- 31024, GA: less expensive homes
- 37857, TN: less expensive homes
- 60450, IL: less expensive homes
- 77447, TX: less expensive homes
- 11726, NY: equally priced homes
- 11436, NY: higher priced homes
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