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Affordable
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These days, finding an affordable place to live in the 08850 area can be challenging. Home prices in 08850 are now at a median cost of $491,558, lower than the New Jersey average of $496,577.
The average cost of rent is $1,418/mo in 08850, primarily driven by the current value of real estate in the 08850 area. In 08850, 15.43% of households rent, and 27.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08850 is $13,228 per month. Households that rent pay about 10.72% of their income on rent here. 08850’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central 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
- 08816, NJ: equally priced homes
- 08902, NJ: less expensive homes
- 08901, NJ: less expensive homes
- 08882, NJ: less expensive homes
- 08904, NJ: equally priced homes
- 08884, NJ: less expensive homes
- 08872, NJ: equally priced homes
- 08828, NJ: less expensive homes
- 08873, NJ: equally priced homes
- 08817, NJ: less expensive homes
Zip Codes with Similar Populations
- 01432, MA: equally priced homes
- 96712, HI: higher priced homes
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- 21035, MD: higher priced homes
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- 71467, LA: less expensive homes
- 28422, NC: less expensive homes
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