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, NJ

ZIP 07042 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07042

Median Home Value
$733,100
Median Rent
$1,884
Affordability Snapshot
$202,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,709/mo PITI).

18%
Rent-to-Income Ratio

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

5.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

32.4 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 07042 in NJ, a household would need roughly $202,000 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 $4,709. That is about 59% above the local median household income ($127,083), 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
50.3%-23% vs US avg
x
Vacancy Rate
5.3%-49% vs US avg
x
Broadband Access
93.8%+8% vs US avg
x
4+ Bedrooms
15.2%+3% vs US avg
x
Built Pre-1939
5.8%-55% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
28.5%-43% vs US avg
x
Mortgage-Free
31.7%-17% vs US avg
x
$733,100
Home Value
$1,884
Rent
1938
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached39.2%
  • 1-unit attached4.1%
  • 2-9 units32.4%
  • 10+ units24.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$733,100
Median rent$1,884
Owner-occupied50.3%
Vacant5.3%
Price-to-income5.8x
Est. income to buy$202,000