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Affordable
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These days, finding an affordable place to live in the 08861 area can be challenging. Home prices in 08861 are now at a median cost of $353,405, lower than the New Jersey average of $496,577.
The average cost of rent is $1,680/mo in 08861, primarily driven by the current value of real estate in the 08861 area. In 08861, 62.53% of households rent, and 37.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08861 is $6,035 per month. Households that rent pay about 27.84% of their income on rent here. 08861’s most expensive areas are in the northwestern 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
- 08832, NJ: equally priced homes
- 10307, NY: higher priced homes
- 08863, NJ: higher priced homes
- 07077, NJ: higher priced homes
- 07095, NJ: higher priced homes
- 10309, NY: higher priced homes
- 08879, NJ: higher priced homes
- 08837, NJ: higher priced homes
- 07064, NJ: higher priced homes
- 08830, NJ: higher priced homes
Zip Codes with Similar Populations
- 08527, NJ: higher priced homes
- 21222, MD: less expensive homes
- 37066, TN: higher priced homes
- 85338, AZ: higher priced homes
- 20019, DC: higher priced homes
- 92530, CA: higher priced homes
- 10306, NY: higher priced homes
- 90042, CA: higher priced homes
- 92618, CA: higher priced homes
- 59901, MT: higher priced homes
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