Affordable
Expensive
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These days, finding an affordable place to live in the 08816 area can be challenging. Home prices in 08816 are now at a median cost of $386,723, lower than the New Jersey average of $388,929.
The average cost of rent is $1,893/mo in 08816, primarily driven by the current value of real estate in the 08816 area. While nearly 36.79% of residents own their homes outright in 08816, 16.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in 08816 is $10,766 per month. Households that rent pay about 17.58% of their income on rent here. 08816's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 08882, NJ: less expensive homes
- 08850, NJ: equally priced homes
- 08884, NJ: less expensive homes
- 08828, NJ: less expensive homes
- 08872, NJ: less expensive homes
- 08902, NJ: equally priced homes
- 08901, NJ: less expensive homes
- 08857, NJ: equally priced homes
- 08904, NJ: equally priced homes
- 08859, NJ: less expensive homes
Zip Codes with Similar Populations
- 39110, MS: less expensive homes
- 29073, SC: less expensive homes
- 29910, SC: equally priced homes
- 30252, GA: less expensive homes
- 77493, TX: less expensive homes
- 95240, CA: less expensive homes
- 32164, FL: less expensive homes
- 95008, CA: higher priced homes
- 32712, FL: less expensive homes
- 33126, FL: less expensive homes
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