ZIPs in New Jersey with the Most Affordable Homes

The Top 3

#1

07970 (Mount Freedom, NJ)

Median Multiple of 1.5

#2

08014 (Bridgeport, NJ)

Median Multiple of 1.6

#3

08327 (Leesburg, NJ)

Median Multiple of 1.8

About the Rankings

The Census Bureau has released the latest estimates from the American Community Survey data to estimate the median multiple. We have crunched the numbers and the rankings are in. See the ZIPs in New Jersey with the lowest median multiple below, and the highest median multiple ZIPs. Only ZIP codes with a low margin of error are included.

To determine housing affordability, we compare local home prices with local incomes. The median multiple answers the question, "how many years would it take for the median income to pay off the median home price?" Lower values indicate that incomes in the area are high enough to make it easier to pay off a home. Anything under 3 is considered affordable.

The New Jersey median multiple from the latest estimates is 4.2 and has fallen 3.0% from 4.3.

This year saw several big changes. 07970 (Mount Freedom, NJ) ranked for the first time, 08014 (Bridgeport, NJ) ranked for the first time, 08327 (Leesburg, NJ) ranked for the first time, 08629 (Trenton, NJ) fell from #3 to #4, and 08061 (Mount Royal, NJ) ranked for the first time.

The Top 50

#1
07970 (Mount Freedom, NJ)
Previously unranked
1.5
#2
08014 (Bridgeport, NJ)
Previously unranked at 1.8
1.6
#3
08327 (Leesburg, NJ)
Previously unranked at 1.9
1.8
#4
08629 (Trenton, NJ)
Previously #3 at 2.2
1.9
#5
08061 (Mount Royal, NJ)
Previously unranked at 2.1
1.9
#6
08110 (Pennsauken, NJ)
Previously #13 at 2.4
2.1
#7
08554 (Roebling, NJ)
Previously #2 at 2.1
2.1
#8
08090 (Wenonah, NJ)
Previously #14 at 2.4
2.1
#9
08004 (Atco, NJ)
Previously #8 at 2.4
2.2
#10
08887 (Three Bridges, NJ)
Previously #6 at 2.3
2.2
#11
08059 (Mount Ephraim, NJ)
Previously #15 at 2.5
2.2
#12
08051 (Mantua, NJ)
Previously #5 at 2.3
2.3
#13
08046 (Willingboro, NJ)
Previously #9 at 2.4
2.3
#14
08319 (Estell Manor, NJ)
Previously #23 at 2.6
2.3
#15
08056 (Mickleton, NJ)
Previously #10 at 2.4
2.3
#16
08030 (Gloucester City, NJ)
Previously #4 at 2.3
2.3
#17
08026 (Gibbsboro, NJ)
Previously #19 at 2.6
2.4
#18
08081 (Sicklerville, NJ)
Previously #11 at 2.4
2.4
#19
08066 (Paulsboro, NJ)
Previously unranked at 2.9
2.4
#20
08611 (Trenton, NJ)
Previously #26 at 2.6
2.4
#21
08063 (National Park, NJ)
Previously #16 at 2.5
2.4
#22
08070 (Pennsville, NJ)
Previously #39 at 2.7
2.5
#23
07422 (Highland Lakes, NJ)
Previously #12 at 2.4
2.5
#24
08322 (Franklinville, NJ)
Previously #27 at 2.6
2.5
#25
08084 (Stratford, NJ)
Previously #29 at 2.6
2.5
#26
08071 (Pitman, NJ)
Previously #22 at 2.6
2.5
#27
08344 (Newfield, NJ)
Previously #36 at 2.7
2.5
#28
08085 (Swedesboro, NJ)
Previously #17 at 2.5
2.5
#29
07462 (Vernon, NJ)
Previously #28 at 2.6
2.5
#30
08065 (Palmyra, NJ)
Previously #20 at 2.6
2.5
#31
08003 (Cherry Hill, NJ)
Previously #25 at 2.6
2.5
#32
08015 (Browns Mills, NJ)
Previously #34 at 2.7
2.5
#33
08109 (Merchantville, NJ)
Previously #31 at 2.7
2.6
#34
08045 (Lawnside, NJ)
Previously #58 at 2.9
2.6
#35
08097 (Woodbury Heights, NJ)
Previously #7 at 2.3
2.6
#36
08343 (Monroeville, NJ)
Previously #71 at 3.0
2.6
#37
08027 (Gibbstown, NJ)
Previously #48 at 2.8
2.6
#38
08345 (Newport, NJ)
Previously unranked at 2.9
2.6
#39
08094 (Williamstown, NJ)
Previously #33 at 2.7
2.6
#40
08361 (Vineland, NJ)
Previously #37 at 2.7
2.6
#41
07419 (Hamburg, NJ)
Previously #18 at 2.5
2.6
#42
07460 (Stockholm, NJ)
Previously #38 at 2.7
2.6
#43
08105 (Camden, NJ)
Previously #53 at 2.9
2.6
#44
08010 (Beverly, NJ)
Previously #30 at 2.6
2.6
#45
08034 (Cherry Hill, NJ)
Previously #24 at 2.6
2.6
#46
08083 (Somerdale, NJ)
Previously #35 at 2.7
2.6
#47
08080 (Sewell, NJ)
Previously #40 at 2.7
2.6
#48
07439 (Ogdensburg, NJ)
Previously #55 at 2.9
2.6
#49
08609 (Trenton, NJ)
Previously #70 at 2.9
2.7
#50
08009 (Berlin, NJ)
Previously #21 at 2.6
2.7
* The maximum margin of error for ranking is 0.5

The Bottom 50

   #1
07620 (Alpine, NJ)
Previously 17.6
16.9
   #2
08212 (Cape May Point, NJ)
Previously 15.2
15.1
   #3
07723 (Deal, NJ)
Previously 13.5
13.4
#4
08738 (Mantoloking, NJ)
Previously #8 at 12.2
12.7
#5
08247 (Stone Harbor, NJ)
Previously #7 at 12.2
11.7
#6
08202 (Avalon, NJ)
Previously #4 at 12.6
11.5
#7
07717 (Avon By The Sea, NJ)
Previously #6 at 12.2
11.0
#8
08006 (Barnegat Light, NJ)
Previously #10 at 10.1
10.1
#9
08752 (Seaside Park, NJ)
Previously #22 at 8.3
9.6
#10
08008 (Beach Haven, NJ)
Previously #15 at 9.2
9.5
#11
07102 (Newark, NJ)
Previously #19 at 8.9
9.2
#12
08243 (Sea Isle City, NJ)
Previously #16 at 9.1
9.2
#13
08735 (Lavallette, NJ)
Previously #11 at 9.9
9.1
#14
07501 (Paterson, NJ)
Previously #13 at 9.3
9.1
#15
07055 (Passaic, NJ)
Previously #17 at 8.9
8.8
#16
07650 (Palisades Park, NJ)
Previously #25 at 8.0
8.1
#17
07756 (Ocean Grove, NJ)
Previously #28 at 7.5
8.0
#18
08751 (Seaside Heights, NJ)
Previously #20 at 8.8
7.9
#19
08542 (Princeton, NJ)
Previously #30 at 7.4
7.9
#20
07762 (Spring Lake, NJ)
Previously #23 at 8.3
7.9
#21
07720 (Bradley Beach, NJ)
Previously #26 at 7.7
7.8
#22
08226 (Ocean City, NJ)
Previously #14 at 9.2
7.8
#23
07114 (Newark, NJ)
Previously #18 at 8.9
7.6
   #24
07107 (Newark, NJ)
Previously 8.0
7.5
#25
08750 (Sea Girt, NJ)
Previously #33 at 7.2
7.4
#26
07632 (Englewood Cliffs, NJ)
Previously #32 at 7.4
7.3
   #27
08260 (Wildwood, NJ)
Previously 7.6
7.3
#28
07108 (Newark, NJ)
Previously #31 at 7.4
7.3
   #29
07522 (Paterson, NJ)
Previously 7.5
6.9
#30
08701 (Lakewood, NJ)
Previously #38 at 6.9
6.9
#31
08402 (Margate City, NJ)
Previously #35 at 7.1
6.9
#32
07041 (Millburn, NJ)
Previously #39 at 6.9
6.9
#33
07087 (Union City, NJ)
Previously #43 at 6.8
6.8
#34
07657 (Ridgefield, NJ)
Previously #48 at 6.5
6.7
#35
08901 (New Brunswick, NJ)
Previously #60 at 6.3
6.7
#36
07977 (Peapack, NJ)
Previously #12 at 9.8
6.7
#37
08321 (Fortescue, NJ)
Previously #21 at 8.5
6.6
#38
07086 (Weehawken, NJ)
Previously #53 at 6.3
6.6
#39
07104 (Newark, NJ)
Previously #36 at 7.1
6.6
#40
08403 (Longport, NJ)
Previously #44 at 6.8
6.5
#41
07105 (Newark, NJ)
Previously #62 at 6.2
6.5
#42
08821 (Flagtown, NJ)
Previously #59 at 6.3
6.5
#43
08401 (Atlantic City, NJ)
Previously #40 at 6.9
6.5
#44
07513 (Paterson, NJ)
Previously #56 at 6.3
6.5
#45
07644 (Lodi, NJ)
Previously #46 at 6.6
6.5
#46
07901 (Summit, NJ)
Previously #69 at 6.1
6.5
#47
07750 (Monmouth Beach, NJ)
Previously #57 at 6.3
6.4
#48
07112 (Newark, NJ)
Previously #51 at 6.4
6.4
#49
07010 (Cliffside Park, NJ)
Previously #41 at 6.9
6.4
#50
07712 (Asbury Park, NJ)
Previously #45 at 6.8
6.3
* The maximum margin of error for ranking is 15.0


Data from the U.S. Census Bureau American Community Survey 5-year estimates for 2017.

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