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Affordable
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These days, finding an affordable place to live in the 08863 area can be challenging. Home prices in 08863 are now at a median cost of $428,459, lower than the New Jersey average of $496,577.
The average cost of rent is $1,820/mo in 08863, primarily driven by the current value of real estate in the 08863 area. In 08863, 28.83% of households rent, and 31.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08863 is $10,641 per month. Households that rent pay about 17.10% of their income on rent here. 08863’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern 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: equally priced homes
- 08832, NJ: less expensive homes
- 07095, NJ: equally priced homes
- 08840, NJ: higher priced homes
- 08830, NJ: equally priced homes
- 08861, NJ: less expensive homes
- 07077, NJ: equally priced homes
- 07001, NJ: equally priced homes
- 08820, NJ: higher priced homes
- 07067, NJ: higher priced homes
Zip Codes with Similar Populations
- 08534, NJ: higher priced homes
- 39475, MS: less expensive homes
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- 33776, FL: higher priced homes
- 33868, FL: less expensive homes
- 35773, AL: less expensive homes
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