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, NJ

ZIP 07059 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07059

Median Home Value
$899,200
Median Rent
$2,099
Affordability Snapshot
$248,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,776/mo PITI).

12%
Rent-to-Income Ratio

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

4.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

35.7 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 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.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
88.7%+36% vs US avg
x
Vacancy Rate
4.9%-52% vs US avg
x
Broadband Access
97.0%+12% vs US avg
x
4+ Bedrooms
22.4%+51% vs US avg
x
Built Pre-1939
2.9%-77% vs US avg
x
Built Post-2014
2.2%-69% vs US avg
x
Rent Burden >30%
17.8%-64% vs US avg
x
Mortgage-Free
43.4%+14% vs US avg
x
$899,200
Home Value
$2,099
Rent
1985
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached86.8%
  • 1-unit attached1.4%
  • 2-9 units7.1%
  • 10+ units3.5%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$899,200
Median rent$2,099
Owner-occupied88.7%
Vacant4.9%
Price-to-income4.5x
Est. income to buy$248,000