ZIPs in New Jersey that are Better to Buy than Rent

The Top 3

#1

08104 (Camden, NJ)

Price To Rent Ratio of 8.2

#2

08609 (Trenton, NJ)

Price To Rent Ratio of 8.2

#3

08611 (Trenton, NJ)

Price To Rent Ratio of 8.7

About the Rankings

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

The price to rent ratio is the median home value divided by the median annual rent. At its most basic level, the ratio is a benchmark for understanding whether it is better to rent or buy in an area. When home prices rise significantly faster than the local rents, the ratio will rise - indicating a possible housing bubble where it may be better to rent. Anything under 15 indicates that it is likely more affordable to buy, and areas over 20 are likely better to rent.

The New Jersey price to rent ratio from the latest estimates is 24.2 and has fallen 0.3% from 24.3.

This year saw several big changes. 08629 (Trenton, NJ) rose from #8 to #6, 08105 (Camden, NJ) fell from #6 to #7, 08759 (Manchester Township, NJ) fell from #7 to #8, 07422 (Highland Lakes, NJ) ranked for the first time, and 08887 (Three Bridges, NJ) fell from #9 to #10.

The Top 50

   #1
08104 (Camden, NJ)
Previously 8.1
8.2
   #2
08609 (Trenton, NJ)
Previously 8.9
8.2
   #3
08611 (Trenton, NJ)
Previously 9.1
8.7
   #4
08103 (Camden, NJ)
Previously 9.4
9.0
   #5
08046 (Willingboro, NJ)
Previously 9.6
9.8
#6
08629 (Trenton, NJ)
Previously #8 at 10.4
9.8
#7
08105 (Camden, NJ)
Previously #6 at 10.3
9.8
#8
08759 (Manchester Township, NJ)
Previously #7 at 10.3
10.2
#9
07422 (Highland Lakes, NJ)
Previously unranked at 11.1
10.6
#10
08887 (Three Bridges, NJ)
Previously #9 at 11.4
11.4
#11
08757 (Toms River, NJ)
Previously #10 at 11.7
11.6
#12
08030 (Gloucester City, NJ)
Previously #11 at 12.0
11.6
   #13
08065 (Palmyra, NJ)
Previously 13.3
13.0
#14
08051 (Mantua, NJ)
Previously #12 at 12.9
13.0
   #15
08110 (Pennsauken, NJ)
Previously 14.0
13.3
#16
08066 (Paulsboro, NJ)
Previously #18 at 14.7
13.6
#17
08823 (Franklin Park, NJ)
Previously #14 at 13.3
13.9
#18
08021 (Clementon, NJ)
Previously #19 at 14.8
14.0
#19
08330 (Mays Landing, NJ)
Previously #17 at 14.3
14.0
#20
08004 (Atco, NJ)
Previously #16 at 14.2
14.0
#21
08225 (Northfield, NJ)
Previously unranked at 15.4
14.1
#22
08052 (Maple Shade, NJ)
Previously #24 at 15.3
14.2
#23
08722 (Beachwood, NJ)
Previously #22 at 15.1
14.7
#24
07457 (Riverdale, NJ)
Previously #28 at 15.7
14.8
   #25
08201 (Absecon, NJ)
Previously 15.5
14.9
#26
07421 (Hewitt, NJ)
Previously unranked at 15.3
14.9
#27
08828 (Helmetta, NJ)
Previously #30 at 16.0
15.1
#28
07419 (Hamburg, NJ)
Previously unranked at 15.1
15.1
   #29
08069 (Penns Grove, NJ)
Previously 15.7
15.3
#30
08360 (Vineland, NJ)
Previously #26 at 15.6
15.3
   #31
08054 (Mount Laurel, NJ)
Previously 16.1
15.6
#32
07095 (Woodbridge, NJ)
Previously #33 at 16.2
15.6
#33
08086 (Thorofare, NJ)
Previously unranked at 16.8
15.7
#34
07456 (Ringwood, NJ)
Previously #43 at 16.9
15.8
#35
08002 (Cherry Hill, NJ)
Previously #23 at 15.2
15.9
#36
08049 (Magnolia, NJ)
Previously #39 at 16.5
16.0
#37
08096 (West Deptford, NJ)
Previously #42 at 16.8
16.0
   #38
07843 (Hopatcong, NJ)
Previously 16.5
16.1
#39
08093 (Westville, NJ)
Previously #40 at 16.7
16.2
#40
08332 (Millville, NJ)
Previously #34 at 16.2
16.2
#41
08070 (Pennsville, NJ)
Previously #37 at 16.4
16.2
#42
08830 (Iselin, NJ)
Previously #35 at 16.3
16.4
#43
08109 (Merchantville, NJ)
Previously #52 at 17.6
16.5
#44
08050 (Manahawkin, NJ)
Previously #51 at 17.6
16.5
#45
08638 (Trenton, NJ)
Previously #58 at 17.7
16.6
   #46
08610 (Trenton, NJ)
Previously 17.1
16.7
#47
07462 (Vernon, NJ)
Previously unranked at 18.1
16.7
#48
08302 (Bridgeton, NJ)
Previously #45 at 17.1
16.7
#49
08081 (Sicklerville, NJ)
Previously #32 at 16.1
16.8
#50
08221 (Linwood, NJ)
Previously unranked at 18.0
16.8
* The maximum margin of error for ranking is 1.5

The Bottom 50

#1
08247 (Stone Harbor, NJ)
Previously #2 at 88.9
91.5
#2
08738 (Mantoloking, NJ)
Previously unranked at 79.3
76.9
   #3
07723 (Deal, NJ)
Previously 78.0
73.4
#4
08008 (Beach Haven, NJ)
Previously #5 at 58.8
61.0
#5
07078 (Short Hills, NJ)
Previously #4 at 62.7
59.2
   #6
07711 (Allenhurst, NJ)
Previously 58.5
59.0
   #7
07717 (Avon By The Sea, NJ)
Previously 56.3
52.4
   #8
08243 (Sea Isle City, NJ)
Previously 53.4
51.6
#9
08226 (Ocean City, NJ)
Previously #10 at 50.7
49.2
#10
07046 (Mountain Lakes, NJ)
Previously #19 at 42.2
48.3
#11
08735 (Lavallette, NJ)
Previously #14 at 45.8
47.4
#12
08853 (Neshanic Station, NJ)
Previously #21 at 40.6
46.6
#13
07059 (Warren, NJ)
Previously #12 at 47.8
45.6
#14
08535 (Millstone Township, NJ)
Previously #16 at 43.6
45.4
#15
07930 (Chester, NJ)
Previously #11 at 48.8
45.3
#16
07677 (Woodcliff Lake, NJ)
Previously unranked
44.6
#17
07901 (Summit, NJ)
Previously #13 at 45.8
44.0
   #18
08752 (Seaside Park, NJ)
Previously 42.3
43.5
#19
07760 (Rumson, NJ)
Previously #9 at 50.7
42.7
#20
07670 (Tenafly, NJ)
Previously #17 at 42.4
41.7
#21
07931 (Far Hills, NJ)
Previously unranked at 45.7
41.0
#22
07458 (Saddle River, NJ)
Previously unranked at 55.6
40.3
#23
07043 (Montclair, NJ)
Previously #22 at 40.5
40.3
#24
07090 (Westfield, NJ)
Previously #23 at 40.1
40.2
   #25
08736 (Manasquan, NJ)
Previously 40.0
40.2
#26
07727 (Farmingdale, NJ)
Previously #33 at 38.3
39.4
#27
07041 (Millburn, NJ)
Previously #30 at 38.6
38.9
#28
07928 (Chatham, NJ)
Previously #29 at 38.8
38.8
#29
07069 (Watchung, NJ)
Previously #31 at 38.4
38.8
#30
07756 (Ocean Grove, NJ)
Previously #37 at 37.5
38.7
#31
08056 (Mickleton, NJ)
Previously unranked
38.4
#32
07028 (Glen Ridge, NJ)
Previously #45 at 36.1
38.4
#33
07977 (Peapack, NJ)
Previously #40 at 37.2
38.2
#34
07649 (Oradell, NJ)
Previously #44 at 36.4
38.2
#35
07481 (Wyckoff, NJ)
Previously #20 at 41.5
38.1
#36
07830 (Califon, NJ)
Previously #28 at 39.4
38.1
#37
07980 (Stirling, NJ)
Previously #143 at 26.9
38.0
#38
08057 (Moorestown, NJ)
Previously #26 at 39.6
37.9
#39
07762 (Spring Lake, NJ)
Previously #32 at 38.4
37.8
#40
07086 (Weehawken, NJ)
Previously #50 at 35.3
37.8
#41
08033 (Haddonfield, NJ)
Previously #46 at 36.1
37.6
#42
08403 (Longport, NJ)
Previously #47 at 36.1
37.2
#43
07940 (Madison, NJ)
Previously #27 at 39.5
37.0
#44
07058 (Pine Brook, NJ)
Previously #36 at 37.9
37.0
#45
08402 (Margate City, NJ)
Previously #38 at 37.4
36.9
#46
07945 (Mendham, NJ)
Previously #34 at 38.2
36.8
#47
07417 (Franklin Lakes, NJ)
Previously #42 at 36.7
36.2
#48
08558 (Skillman, NJ)
Previously #35 at 38.2
36.0
#49
07924 (Bernardsville, NJ)
Previously #76 at 32.7
35.8
#50
08260 (Wildwood, NJ)
Previously #55 at 35.1
35.1
* The maximum margin of error for ranking is 20.0


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

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