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Affordable
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These days, finding an affordable place to live in the 08742 area can be challenging. Home prices in 08742 are now at a median cost of $680,447, higher than the New Jersey average of $496,577.
The average cost of rent is $1,970/mo in 08742, primarily driven by the current value of real estate in the 08742 area. In 08742, 18.84% of households rent, and 34.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08742 is $10,276 per month. Households that rent pay about 19.17% of their income on rent here. 08742’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 08730, NJ: higher priced homes
- 08724, NJ: less expensive homes
- 08736, NJ: higher priced homes
- 08738, NJ: higher priced homes
- 08750, NJ: higher priced homes
- 08723, NJ: less expensive homes
- 08720, NJ: higher priced homes
- 07762, NJ: higher priced homes
- 07719, NJ: equally priced homes
- 08735, NJ: higher priced homes
Zip Codes with Similar Populations
- 06830, CT: higher priced homes
- 62650, IL: less expensive homes
- 61615, IL: less expensive homes
- 64083, MO: less expensive homes
- 66223, KS: less expensive homes
- 75039, TX: equally priced homes
- 75662, TX: less expensive homes
- 36605, AL: less expensive homes
- 33950, FL: less expensive homes
- 80439, CO: higher priced homes
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