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Affordable
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These days, finding an affordable place to live in the 08840 area can be challenging. Home prices in 08840 are now at a median cost of $564,400, higher than the New Jersey average of $496,577.
The average cost of rent is $2,207/mo in 08840, primarily driven by the current value of real estate in the 08840 area. In 08840, 23.66% of households rent, and 32.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08840 is $13,000 per month. Households that rent pay about 16.98% of their income on rent here. 08840’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern 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
- 08837, NJ: less expensive homes
- 08863, NJ: less expensive homes
- 08820, NJ: higher priced homes
- 08817, NJ: less expensive homes
- 08830, NJ: less expensive homes
- 08832, NJ: less expensive homes
- 07095, NJ: less expensive homes
- 07080, NJ: less expensive homes
- 07067, NJ: equally priced homes
- 08861, NJ: less expensive homes
Zip Codes with Similar Populations
- 94945, CA: higher priced homes
- 07114, NJ: less expensive homes
- 40962, KY: less expensive homes
- 58401, ND: less expensive homes
- 34695, FL: less expensive homes
- 36527, AL: less expensive homes
- 37179, TN: higher priced homes
- 37766, TN: less expensive homes
- 43952, OH: less expensive homes
- 48386, MI: less expensive homes
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