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08016 Zip Code Housing

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As of 2010-2014, median price of a house in 08016 Zip Code is $238,600, which is lower than the state average of $319,900 and is higher than the national average of $175,700. The 08016 Zip Code median house value has grown by 76.35% since 2000. The growth rate for the price of a house in 08016 Zip Code is lower than the state average rate of 87.30% and is higher than the national average rate of 46.91%. The median year that a house in 08016 Zip Code was built is 1970, which is newer than the median year for a house built in the state which is 1966 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 8,760 Owner Occupied Houses in 08016 Zip Code, see rank

08016 Zip Code	238,600 USD
New Jersey	319,900 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

08016 Zip Code	76.35%
New Jersey	87.30%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	08016 Zip Code	New Jersey	U.S.
Total Housing Units	12,797, see rank, 100%	3,572,138	132,741,033
Occupied Housing Units	11,903, 93.01%, see rank	89.26%	87.55%
Owner Occupied	8,760, 68.45%, see rank	58.06%	56.34%
Renter Occupied	3,143, 24.56%, see rank	31.20%	31.21%
Vacant Housing Units	894, 6.99%, see rank	10.74%	12.45%
For Rent	243, 1.90%, see rank	2.18%	2.34%
For Sale Only	159, 1.24%, see rank	1.02%	1.20%
Rented or Sold, Not Occupied	51, 0.40%, see rank	0.70%	0.92%
For Seasonal, Recreational, or Occasional Use	58, 0.45%, see rank	3.72%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	383, 2.99%, see rank	3.11%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #197

08016 Zip Code	New Jersey	U.S.
1970	1966	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	08016 Zip Code	%	New Jersey	U.S.
Owner-Occupied Units	8,760	100%	2,073,915	74,787,460
With a Mortgage	6,599	75.33%, see rank	69.83%	65.58%
Without a Mortgage	2,161	24.67%, see rank	30.17%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

08016 Zip Code	2,113 USD
New Jersey	2,428 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	08016 Zip Code	%	New Jersey	U.S.
$299 or Less	0	0.00%, see rank	0.04%	0.20%
$300 to $499	0	0.00%, see rank	0.35%	1.59%
$500 to $699	73	1.11%, see rank	0.83%	5.01%
$700 to $999	335	5.08%, see rank	2.80%	14.32%
$1,000 to $1,499	1,025	15.53%, see rank	11.13%	27.90%
$1,500 to $1,999	1,482	22.46%, see rank	17.94%	20.35%
$2,000 to $2,999	2,726	41.31%, see rank	36.29%	19.52%
$3,000 or More	958	14.52%, see rank	30.63%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

08016 Zip Code	25.80% of the Total Income
New Jersey	27.50% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	08016 Zip Code	%	New Jersey	U.S.
10% or Less	158	2.39%, see rank	3.98%	5.86%
10% to 20%	1,637	24.81%, see rank	23.73%	31.95%
20% to 30%	2,323	35.20%, see rank	28.42%	27.64%
30% to 40%	1,022	15.49%, see rank	16.62%	13.74%
40% or More	1,459	22.11%, see rank	26.85%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

08016 Zip Code	775 USD
New Jersey	972 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	08016 Zip Code	%	New Jersey	U.S.
$199 or Less	7	0.32%, see rank	1.19%	7.76%
$200 to $299	13	0.60%, see rank	1.66%	14.70%
$300 to $499	134	6.20%, see rank	6.42%	34.63%
$500 to $699	623	28.83%, see rank	13.17%	21.16%
$700 or More	1,384	64.04%, see rank	77.56%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

08016 Zip Code	17.00% of the Total Income
New Jersey	18.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	08016 Zip Code	%	New Jersey	U.S.
10% or Less	374	17.31%, see rank	21.71%	40.19%
10% to 20%	873	40.40%, see rank	32.37%	31.47%
20% to 30%	257	11.89%, see rank	16.94%	12.24%
30% to 40%	285	13.19%, see rank	9.46%	5.64%
40% or More	336	15.55%, see rank	18.56%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	08016 Zip Code	New Jersey	U.S.
Total Housing Units	12,797, 100%	3,572,138	132,741,033
1-unit, Detached	7,950, 62.12%, see rank	53.67%	61.65%
1-unit, Attached	2,091, 16.34%, see rank	9.26%	5.82%
2 Units	400, 3.13%, see rank	9.53%	3.75%
3 or 4 Units	353, 2.76%, see rank	6.43%	4.43%
5 to 9 Units	509, 3.98%, see rank	4.80%	4.78%
10 or More Units	1,482, 11.58%, see rank	15.34%	13.08%
Mobile Home, Boat, RV, Van, etc.	12, 0.09%, see rank	0.98%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	08016 Zip Code	New Jersey	U.S.
Total Housing Units	12,797, 100%	3,572,138	132,741,033
1 Room	94, 0.73%, see rank	2.71%	1.95%
2 Rooms	277, 2.16%, see rank	2.15%	2.48%
3 Rooms	1,455, 11.37%, see rank	10.30%	9.13%
4 Rooms	1,022, 7.99%, see rank	15.19%	16.60%
5 Rooms	1,680, 13.13%, see rank	16.72%	20.41%
6 Rooms	1,867, 14.59%, see rank	16.15%	18.06%
7 Rooms	2,292, 17.91%, see rank	12.48%	12.27%
8 Rooms	1,718, 13.43%, see rank	10.49%	8.48%
9 Rooms or More	2,392, 18.69%, see rank	13.81%	10.60%
Median Rooms	6.50, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	08016 Zip Code	New Jersey	U.S.
Total Housing Units	12,797, 100%	3,572,138	132,741,033
No Bedroom	94, 0.73%, see rank	2.88%	2.17%
1 Bedroom	1,942, 15.18%, see rank	14.18%	11.16%
2 Bedrooms	1,904, 14.88%, see rank	25.93%	26.69%
3 Bedrooms	5,303, 41.44%, see rank	32.62%	39.70%
4 Bedrooms	2,891, 22.59%, see rank	18.83%	16.05%
5 or More Bedrooms	663, 5.18%, see rank	5.56%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	08016 Zip Code	New Jersey	U.S.
Total Housing Units	11,903, 100%	3,188,498	116,211,092
Utility Gas	9,045, 75.99%, see rank	74.16%	48.85%
Bottled, Tank, or LP Gas	98, 0.82%, see rank	1.94%	4.86%
Electricity	1,586, 13.32%, see rank	11.66%	36.68%
Fuel Oil, Kerosene, etc.	1,102, 9.26%, see rank	11.10%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	20, 0.17%, see rank	0.44%	2.12%
Solar Energy	14, 0.12%, see rank	0.03%	0.05%
Other Fuel	11, 0.09%, see rank	0.32%	0.47%
No Fuel Used	27, 0.23%, see rank	0.32%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	08016 Zip Code	New Jersey	U.S.
Occupied Units Paying Rent	2,925, 100%	1,077,463	39,201,928
$199 or Less	74, 2.53%, see rank	1.46%	1.50%
$200 to $299	100, 3.42%, see rank	3.04%	3.18%
$300 to $499	116, 3.97%, see rank	3.86%	7.37%
$500 to $699	218, 7.45%, see rank	4.64%	16.01%
$700 to $999	854, 29.20%, see rank	19.19%	29.17%
$1,000 to $1,499	1,079, 36.89%, see rank	40.89%	26.88%
$1,500 to $1,999	261, 8.92%, see rank	17.11%	9.79%
$2,000 or More	223, 7.62%, see rank	9.81%	6.10%
Median	$1,032, see rank	$1,188	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	08016 Zip Code	New Jersey	U.S.
Occupied Housing Units	11,903, 100%	3,188,498	116,211,092
No Vehicles Available	848, 7.12%, see rank	11.70%	9.12%
1 Vehicles Available	3,874, 32.55%, see rank	34.71%	33.80%
2 Vehicles Available	4,506, 37.86%, see rank	36.16%	37.48%
3 or More Vehicles Available	2,675, 22.47%, see rank	17.43%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.