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Rio Grande CDP, NJ

ZIP 08242 — 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 08242

Median Home Value
$306,200
Median Rent
$1,236
Affordability Snapshot
$84,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,967/mo PITI).

15%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

20.6 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 08242 in Rio Grande CDP, NJ, a household would need roughly $84,000 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 $1,967. That sits below the local median household income ($97,831), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.9%+21% vs US avg
x
Vacancy Rate
11.1%+8% vs US avg
x
Broadband Access
96.4%+11% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
2.9%-77% vs US avg
x
Built Post-2014
6.8%-1% vs US avg
x
Rent Burden >30%
23.0%-54% vs US avg
x
Mortgage-Free
44.3%+16% vs US avg
x
$306,200
Home Value
$1,236
Rent
1989
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached56.0%
  • 1-unit attached18.4%
  • 2-9 units1.1%
  • 10+ units3.7%
  • Mobile home & other20.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$306,200
Median rent$1,236
Owner-occupied78.9%
Vacant11.1%
Price-to-income3.1x
Est. income to buy$84,000