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Ross Corner CDP, NJ

ZIP 07848 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07848

Median Home Value
$412,500
Median Rent
$1,234
Affordability Snapshot
$114,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,650/mo PITI).

13%
Rent-to-Income Ratio

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

3.6x
Home Price-to-Income Ratio

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

27.9 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 07848 in Ross Corner CDP, NJ, a household would need roughly $114,000 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 $2,650. That is roughly in line with the local median household income ($116,042). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
88.0%+35% vs US avg
x
Vacancy Rate
4.8%-54% vs US avg
x
Broadband Access
92.3%+6% vs US avg
x
4+ Bedrooms
6.5%-56% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
16.0%-68% vs US avg
x
Mortgage-Free
36.4%-5% vs US avg
x
$412,500
Home Value
$1,234
Rent
1983
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached75.5%
  • 1-unit attached8.3%
  • 2-9 units8.0%
  • 10+ units1.4%
  • Mobile home & other6.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$412,500
Median rent$1,234
Owner-occupied88.0%
Vacant4.8%
Price-to-income3.6x
Est. income to buy$114,000