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Carteret borough, NJ

ZIP 07008 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07008

Median Home Value
$370,100
Median Rent
$1,752
Affordability Snapshot
$102,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,377/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

17.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07008 in Carteret borough, NJ, a household would need roughly $102,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,377. That is about 16% above the local median household income ($87,712), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
55.3%-15% vs US avg
x
Vacancy Rate
4.4%-57% vs US avg
x
Broadband Access
90.3%+4% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
7.9%-38% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
12.4%-75% vs US avg
x
Mortgage-Free
46.9%+23% vs US avg
x
$370,100
Home Value
$1,752
Rent
1960
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached51.0%
  • 1-unit attached5.8%
  • 2-9 units28.6%
  • 10+ units11.9%
  • Mobile home & other2.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$370,100
Median rent$1,752
Owner-occupied55.3%
Vacant4.4%
Price-to-income4.2x
Est. income to buy$102,000