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These days, finding an affordable place to live in the 08740 area can be challenging. Home prices in 08740 are now at a median cost of $358,025, lower than the New Jersey average of $496,577.
The average cost of rent is $1,558/mo in 08740, primarily driven by the current value of real estate in the 08740 area. In 08740, 17.46% of households rent, and 36.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08740 is $5,937 per month. Households that rent pay about 26.25% of their income on rent here. 08740’s most expensive areas are in the northern regions, while the cheapest areas are in the southern 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
- 08732, NJ: higher priced homes
- 08741, NJ: higher priced homes
- 08721, NJ: higher priced homes
- 08752, NJ: higher priced homes
- 08722, NJ: equally priced homes
- 08751, NJ: higher priced homes
- 08753, NJ: higher priced homes
- 08734, NJ: higher priced homes
- 08735, NJ: higher priced homes
- 08731, NJ: higher priced homes
Zip Codes with Similar Populations
- 62914, IL: less expensive homes
- 43973, OH: less expensive homes
- 45153, OH: less expensive homes
- 45384, OH: less expensive homes
- 45682, OH: less expensive homes
- 46149, IN: less expensive homes
- 47235, IN: less expensive homes
- 50641, IA: less expensive homes
- 52203, IA: less expensive homes
- 54627, WI: less expensive homes
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