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Medford Lakes borough, NJ

ZIP 08055 — 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 08055

Median Home Value
$456,000
Median Rent
$1,371
Affordability Snapshot
$126,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,929/mo PITI).

10%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

27.7 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 08055 in Medford Lakes borough, NJ, a household would need roughly $126,000 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 $2,929. That sits below the local median household income ($158,487), suggesting the typical household income is closer to a workable buy-in level under these assumptions. 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
89.0%+36% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
96.4%+11% vs US avg
x
4+ Bedrooms
7.0%-53% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
27.1%-46% vs US avg
x
Mortgage-Free
30.7%-20% vs US avg
x
$456,000
Home Value
$1,371
Rent
1978
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 detached82.7%
  • 1-unit attached7.5%
  • 2-9 units4.9%
  • 10+ units5.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$456,000
Median rent$1,371
Owner-occupied89.0%
Vacant3.8%
Price-to-income2.9x
Est. income to buy$126,000