Expensive
Affordable
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These days, finding an affordable place to live in the 08831 area can be challenging. Home prices in 08831 are now at a median cost of $587,585, higher than the New Jersey average of $496,577.
The average cost of rent is $2,041/mo in 08831, primarily driven by the current value of real estate in the 08831 area. In 08831, 10.49% of households rent, and 37.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08831 is $12,561 per month. Households that rent pay about 16.25% of their income on rent here. 08831’s most expensive areas are in the eastern regions, while the cheapest areas are in the western 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
- 08828, NJ: less expensive homes
- 08884, NJ: less expensive homes
- 08810, NJ: less expensive homes
- 07726, NJ: higher priced homes
- 08512, NJ: equally priced homes
- 08520, NJ: less expensive homes
- 08535, NJ: higher priced homes
- 08816, NJ: less expensive homes
- 08536, NJ: equally priced homes
- 08852, NJ: equally priced homes
Zip Codes with Similar Populations
- 90813, CA: equally priced homes
- 43302, OH: less expensive homes
- 75061, TX: less expensive homes
- 84119, UT: less expensive homes
- 27529, NC: less expensive homes
- 87105, NM: less expensive homes
- 91745, CA: higher priced homes
- 19382, PA: equally priced homes
- 19020, PA: less expensive homes
- 17601, PA: less expensive homes
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