Is it affordable or expensive to live in 07047, NJ?

It is expensive to live in 07047. Buying a home in 07047 is 1% more expensive compared with the national average.

Is it a good time to buy property in 07047, NJ?

Yes now is a good time to buy property in 07047, in May 2025, homes in 07047 have decreased in value (price per sqft) by 8% in the last year compared with May 2025.

Is the 07047, NJ housing market slowing down?

The housing market in 07047 is slowing down. In May 2025, homes to buy in 07047 spent an median 28 days on the market, a 30% decrease from May 2025 last year.

What are the best and safest places to live in 07047, NJ?

The best and safest neighborhoods to live in 07047 in May 2025 are Tribeca, Central Park, West Village, Upper East Side, Upper West Side, Greenwich Village, Gramercy Park, Hamilton Park, Sutton Place, West Harlem, Central Harlem, The Waterfront, Roosevelt Island, Historic Downtown, Crestwood, The Heights, Forest Hill, Journal Square, North Ironbound, Tudor City

How much money should I make to buy a house in 07047, NJ?

In May 2025, 07047 homes were listed to buy for a median price of $532K, with 25% down you would need $3.53K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $121K.

Is it a good time to sell my house in 07047, NJ?

Yes now is a good time to sell your house in 07047, in May 2025, homes in 07047 have decreased in value (price per sqft) by 8% in the last year compared with May 2025.