US5.com
  1. Home
  2. States
  3. New Jersey
  4. ZIP 07047
  5. Housing & Real Estate
, NJ

ZIP 07047 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07047

Median Home Value
$466,800
Median Rent
$1,576
Affordability Snapshot
$129,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,999/mo PITI).

25%
Rent-to-Income Ratio

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

6.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

24.7 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 07047 in NJ, a household would need roughly $129,000 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 $2,999. That is about 71% above the local median household income ($75,505), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
41.3%-37% vs US avg
x
Vacancy Rate
5.0%-52% vs US avg
x
Broadband Access
88.0%+1% vs US avg
x
4+ Bedrooms
3.8%-75% vs US avg
x
Built Pre-1939
8.9%-30% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
26.1%-48% vs US avg
x
Mortgage-Free
39.4%+3% vs US avg
x
$466,800
Home Value
$1,576
Rent
1961
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached16.9%
  • 1-unit attached5.9%
  • 2-9 units38.8%
  • 10+ units38.4%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$466,800
Median rent$1,576
Owner-occupied41.3%
Vacant5.0%
Price-to-income6.2x
Est. income to buy$129,000