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Erma CDP, NJ

ZIP 08204 — 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 08204

Median Home Value
$399,200
Median Rent
$1,039
Affordability Snapshot
$110,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,564/mo PITI).

15%
Rent-to-Income Ratio

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

4.9x
Home Price-to-Income Ratio

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

32.0 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 08204 in Erma CDP, NJ, a household would need roughly $110,000 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 $2,564. That is about 36% above the local median household income ($80,782), 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

Vacancy rate 38% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.9%+21% vs US avg
x
Vacancy Rate
38.3%+271% vs US avg
x
Broadband Access
89.6%+3% vs US avg
x
4+ Bedrooms
6.3%-58% vs US avg
x
Built Pre-1939
2.4%-81% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
18.0%-64% vs US avg
x
Mortgage-Free
38.0%-1% vs US avg
x
$399,200
Home Value
$1,039
Rent
1975
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 detached74.6%
  • 1-unit attached12.4%
  • 2-9 units5.7%
  • 10+ units5.2%
  • Mobile home & other2.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$399,200
Median rent$1,039
Owner-occupied78.9%
Vacant38.3%
Price-to-income4.9x
Est. income to buy$110,000