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ZIP Code 07111

Learn about the people, housing, costs and businesses in 07111

Median Home$325,897
Median Rent$1,422/month
Population60,793
Leading IndustriesFinance & Insurance · Information & Media · Public Administration14% finance & insurance
Home Value Growth⬆⬆⬆+26.5% over 2 years
Young Adults32% of residentsabove average nationally
Renters70% of occupied units
ZIP Code
07111

Frequently Asked Questions

What are today's mortgage rates in ZIP code 07111?

As of today, the 30-year fixed mortgage rate for ZIP code 07111 is approximately 6.888% (6.924% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 07111
What is the median home price in ZIP code 07111?

The median home value in ZIP code 07111 is $326k. The median monthly rent is $1,422. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 07111?

Home values in ZIP code 07111 have increased 26.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 07111?

Based on a typical all-in ownership cost of $1,543/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 07111 is $64k/year.

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What industries drive the economy in ZIP code 07111?

The largest employment sectors in ZIP code 07111 are public administration (29%) and information and media (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.