Median home value is about $899,200 — about 158% above the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $2,099 (about 80% above the U.S. median rent ($1,163)), and owner-occupancy near 88.7% (about 23.3 points above the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 07059 in NJ, a household would need roughly $248,000 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 $5,776. That is about 23% above the local median household income ($201,579), 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.