Is it affordable or expensive to live in 07401, NJ?

It is expensive to live in 07401. Buying a home in 07401 is 3% more expensive compared with the national average.

Is it a good time to buy property in 07401, NJ?

Yes now is a good time to buy property in 07401, in May 2025, homes in 07401 have decreased in value (price per sqft) by 2% in the last year compared with October 2025.

Is the 07401, NJ housing market slowing down?

In May 2025, homes to buy in 07401 spent an median 38 days on the market, a same October 2025 last year.

What are the best and safest places to live in 07401, NJ?

The best and safest neighborhoods to live in 07401 in May 2025 are Central Park, West Village, Upper East Side, Upper West Side, Shippan Point, Gramercy Park, Central Harlem, The Waterfront, Historic Downtown, Crestwood, The Heights, Forest Hill, Park Hill, Journal Square, Montclair Heights, North Ironbound, Eastside, South Paterson, Tudor City, Hillcrest

How much money should I make to buy a house in 07401, NJ?

In May 2025, 07401 homes were listed to buy for a median price of $1.06M, with 25% down you would need $7.01K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $240K.

Is it a good time to sell my house in 07401, NJ?

Yes now is a good time to sell your house in 07401, in May 2025, homes in 07401 have decreased in value (price per sqft) by 2% in the last year compared with October 2025.

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