US5.com
  1. Home
  2. States
  3. New Jersey
  4. ZIP 07470
  5. Housing & Real Estate
Preakness CDP, NJ

ZIP 07470 — Housing & Real Estate

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

Wealthy AreaLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07470

Median Home Value
$596,700
Median Rent
$1,992
Affordability Snapshot
$164,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,833/mo PITI).

16%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

25.0 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 07470 in Preakness CDP, NJ, a household would need roughly $164,000 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 $3,833. That is roughly in line with the local median household income ($151,561). 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
78.6%+20% vs US avg
x
Vacancy Rate
3.6%-65% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
7.4%-50% vs US avg
x
Built Pre-1939
5.4%-58% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
29.2%-41% vs US avg
x
Mortgage-Free
36.0%-6% vs US avg
x
$596,700
Home Value
$1,992
Rent
1967
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached67.6%
  • 1-unit attached9.7%
  • 2-9 units6.0%
  • 10+ units15.7%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$596,700
Median rent$1,992
Owner-occupied78.6%
Vacant3.6%
Price-to-income3.9x
Est. income to buy$164,000