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Affordable
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These days, finding an affordable place to live in the 08901 area can be challenging. Home prices in 08901 are now at a median cost of $398,680, lower than the New Jersey average of $496,577.
The average cost of rent is $1,816/mo in 08901, primarily driven by the current value of real estate in the 08901 area. In 08901, 77.91% of households rent, and 51.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08901 is $5,046 per month. Households that rent pay about 36.00% of their income on rent here. 08901’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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
- 08904, NJ: higher priced homes
- 08850, NJ: higher priced homes
- 08902, NJ: higher priced homes
- 08873, NJ: higher priced homes
- 08817, NJ: equally priced homes
- 08854, NJ: higher priced homes
- 08816, NJ: higher priced homes
- 08882, NJ: equally priced homes
- 08872, NJ: higher priced homes
- 08840, NJ: higher priced homes
Zip Codes with Similar Populations
- 78852, TX: less expensive homes
- 21061, MD: less expensive homes
- 20904, MD: higher priced homes
- 35242, AL: higher priced homes
- 07302, NJ: higher priced homes
- 07306, NJ: higher priced homes
- 38654, MS: less expensive homes
- 10003, NY: higher priced homes
- 45044, OH: less expensive homes
- 55124, MN: equally priced homes
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