ZIP code 07506: income, home prices and cost of living

The median household income in ZIP 07506 is $105,168, which is 2% below the New Jersey median of $107,307 and 53% above the national figure. The typical home is valued at $481,500, and the median rent is $1,746/month. 67.9% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$105,168

New Jersey average
$107,3072%
National
$68,75053%

Median home value

$481,500

New Jersey average
$409,60018%
National
$209,600130%

Median gross rent

$1,746

New Jersey average
$1,6605%
National
$98477%

Median age

41.8 yrs

New Jersey average
41.9 yrs
National
41.0 yrs2%

Homeownership rate

67.9%

New Jersey average
76.4%11%
National
75.8%10%

Bachelor's degree or higher

30.7%

New Jersey average
26.9%14%
National
15.9%93%

How ZIP 07506 compares with New Jersey and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

See today's rates for homes in your area

Homes in 07506 typically sell around $481,500. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in New Jersey

07504075080750307502075010751207513075140752207524

Or compare 07506 with 07504.

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See every local figure on the New Jersey money guide.

What people search about ZIP 07506

Searches for the cost of living in 07506, the median household income in 07506, average rent in 07506 and home values in this part of New Jersey all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 07506, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.