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Wharton borough, NJ

ZIP 07885 — 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 07885

Median Home Value
$345,200
Median Rent
$1,785
Affordability Snapshot
$95,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,217/mo PITI).

21%
Rent-to-Income Ratio

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

3.4x
Home Price-to-Income Ratio

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

16.1 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 07885 in Wharton borough, NJ, a household would need roughly $95,000 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 $2,217. That is roughly in line with the local median household income ($100,903). 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
62.3%-5% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
90.1%+4% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
7.2%-44% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
15.7%-68% vs US avg
x
Mortgage-Free
22.8%-40% vs US avg
x
$345,200
Home Value
$1,785
Rent
1970
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 detached52.4%
  • 1-unit attached11.7%
  • 2-9 units18.1%
  • 10+ units17.8%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$345,200
Median rent$1,785
Owner-occupied62.3%
Vacant3.8%
Price-to-income3.4x
Est. income to buy$95,000