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, NJ

ZIP 07079 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07079

Median Home Value
$808,100
Median Rent
$1,953
Affordability Snapshot
$222,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,191/mo PITI).

13%
Rent-to-Income Ratio

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

4.4x
Home Price-to-Income Ratio

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

34.5 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 07079 in NJ, a household would need roughly $222,000 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 $5,191. That is about 20% above the local median household income ($184,769), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
65.6%+0% vs US avg
x
Vacancy Rate
2.9%-72% vs US avg
x
Broadband Access
93.7%+8% vs US avg
x
4+ Bedrooms
18.8%+27% vs US avg
x
Built Pre-1939
8.3%-35% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
27.7%-44% vs US avg
x
Mortgage-Free
24.8%-35% vs US avg
x
$808,100
Home Value
$1,953
Rent
1944
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached56.7%
  • 1-unit attached5.6%
  • 2-9 units7.6%
  • 10+ units29.9%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$808,100
Median rent$1,953
Owner-occupied65.6%
Vacant2.9%
Price-to-income4.4x
Est. income to buy$222,000