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Allenwood CDP, NJ

ZIP 08724 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08724

Median Home Value
$364,700
Median Rent
$1,603
Affordability Snapshot
$100,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,343/mo PITI).

19%
Rent-to-Income Ratio

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

3.7x
Home Price-to-Income Ratio

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

19.0 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 08724 in Allenwood CDP, NJ, a household would need roughly $100,000 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 $2,343. That is roughly in line with the local median household income ($98,771). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
83.4%+28% vs US avg
x
Vacancy Rate
7.3%-30% vs US avg
x
Broadband Access
92.6%+6% vs US avg
x
4+ Bedrooms
3.6%-76% vs US avg
x
Built Pre-1939
3.0%-77% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
35.8%-28% vs US avg
x
Mortgage-Free
35.2%-8% vs US avg
x
$364,700
Home Value
$1,603
Rent
1976
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 detached74.2%
  • 1-unit attached17.0%
  • 2-9 units4.6%
  • 10+ units3.6%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$364,700
Median rent$1,603
Owner-occupied83.4%
Vacant7.3%
Price-to-income3.7x
Est. income to buy$100,000