Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in ZCTA5 08505, New Jersey?
ZIP code · Census ACS 5-Year estimates
The median home value in ZCTA5 08505, New Jersey (ZIP 08505) is $362,500 (±$11,823), based on Census ACS 5-Year estimates (2024). The median gross rent is $1,717/month, and the median household income is $112,845/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 08505
| Metric | Value |
|---|---|
| Median Home Value | $362,500 |
| Median Gross Rent | $1,717 |
| Median Household Income | $112,845 |
| Total Housing Units | 7,350 |
| Renter-Occupied Units | 2,268 |
| Renter-Occupied Share | 31% |
How does ZIP 08505 compare?
Median home value ranked against all ZIP codes in New Jersey.
Higher home value than 28% of ZIP codes in New Jersey · 408th of 565
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 07620 | $2,000,001 |
| 2 | ZCTA5 08202 | $1,857,400 |
| 3 | ZCTA5 08247 | $1,805,600 |
| … 404 more … | ||
| 408 | ZCTA5 08505(you are here) | $362,500 |
| … 154 more … | ||
| 563 | ZCTA5 08609 | $103,700 |
| 564 | ZCTA5 08104 | $93,100 |
| 565 | ZCTA5 08102 | $84,500 |
More data for ZIP 08505
Frequently asked questions
What is the median home value in ZCTA5 08505, New Jersey?
The median home value in ZCTA5 08505, New Jersey (ZIP 08505) is $362,500, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in ZCTA5 08505, New Jersey?
The median gross rent in ZCTA5 08505, New Jersey (ZIP 08505) is $1,717/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in ZCTA5 08505, New Jersey?
The median household income in ZCTA5 08505, New Jersey is $112,845/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $362,500 has a margin of error of ±$11,823. In very small areas, MOEs can be large relative to the estimate.
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