The Census Bureau has released the latest estimates from the American Community Survey data to estimate the median monthly rent. We have crunched the numbers and the rankings are in. See the ZIPs in New Jersey with the lowest median monthly rent below, and the highest median monthly rent ZIPs. Only ZIP codes with a low margin of error are included.
Where can you live with all of the amenities afforded by an urban area and spend as little as possible on rent? Look no further than the areas below. Having lower fixed expenses (with housing being the largest fixed expense) frees up more disposable income for fun, makes it easier to change jobs, and more. Keep in mind, people often are willing to pay more for desirable areas. Is there a reason these rents are low? You be the judge.
The New Jersey median monthly rent from the latest estimates is $1,284 and has risen 3.2% from $1,244.
This year saw several big changes. 07102 (Newark, NJ) rose from #3 to #1, 08341 (Minotola, NJ) rose from #4 to #2, 08031 (Bellmawr, NJ) rose from #6 to #3, 08401 (Atlantic City, NJ) rose from #8 to #4, and 08104 (Camden, NJ) rose from #14 to #5.