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These days, finding an affordable place to live in the 08805 area can be challenging. Home prices in 08805 are now at a median cost of $427,636, lower than the New Jersey average of $496,577.
The average cost of rent is $2,017/mo in 08805, primarily driven by the current value of real estate in the 08805 area. In 08805, 48.95% of households rent, and 42.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08805 is $8,587 per month. Households that rent pay about 23.49% of their income on rent here. 08805’s most expensive areas are in the northeastern 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
- 08880, NJ: less expensive homes
- 08846, NJ: equally priced homes
- 08836, NJ: higher priced homes
- 08890, NJ: higher priced homes
- 08835, NJ: less expensive homes
- 08812, NJ: equally priced homes
- 08854, NJ: equally priced homes
- 07059, NJ: higher priced homes
- 08873, NJ: equally priced homes
- 08807, NJ: higher priced homes
Zip Codes with Similar Populations
- 27522, NC: less expensive homes
- 01778, MA: higher priced homes
- 46561, IN: less expensive homes
- 39183, MS: less expensive homes
- 38012, TN: less expensive homes
- 62236, IL: less expensive homes
- 67060, KS: less expensive homes
- 74003, OK: less expensive homes
- 77488, TX: less expensive homes
- 78557, TX: less expensive homes
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