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Affordable
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These days, finding an affordable place to live in the 08820 area can be challenging. Home prices in 08820 are now at a median cost of $637,686, higher than the New Jersey average of $496,577.
The average cost of rent is $2,222/mo in 08820, primarily driven by the current value of real estate in the 08820 area. In 08820, 24.30% of households rent, and 41.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08820 is $14,904 per month. Households that rent pay about 14.91% of their income on rent here. 08820’s most expensive areas are in the southern 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
- 08840, NJ: less expensive homes
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- 08863, NJ: less expensive homes
- 07066, NJ: equally priced homes
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- 07076, NJ: higher priced homes
Zip Codes with Similar Populations
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- 77354, TX: less expensive homes
- 77090, TX: less expensive homes
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