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Affordable
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These days, finding an affordable place to live in the 08823 area can be challenging. Home prices in 08823 are now at a median cost of $364,303, lower than the New Jersey average of $496,577.
The average cost of rent is $2,224/mo in 08823, primarily driven by the current value of real estate in the 08823 area. In 08823, 30.28% of households rent, and 34.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08823 is $9,346 per month. Households that rent pay about 23.80% of their income on rent here. 08823’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 08824, NJ: higher priced homes
- 08852, NJ: higher priced homes
- 08902, NJ: higher priced homes
- 08810, NJ: higher priced homes
- 08502, NJ: higher priced homes
- 08873, NJ: higher priced homes
- 08528, NJ: higher priced homes
- 08553, NJ: higher priced homes
- 08850, NJ: higher priced homes
- 08844, NJ: higher priced homes
Zip Codes with Similar Populations
- 60416, IL: less expensive homes
- 33540, FL: less expensive homes
- 33931, FL: higher priced homes
- 34428, FL: less expensive homes
- 34429, FL: less expensive homes
- 35127, AL: less expensive homes
- 35759, AL: less expensive homes
- 37841, TN: less expensive homes
- 38570, TN: less expensive homes
- 38852, MS: less expensive homes
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