The 07920 zip code is much younger than the rest of New Jersey, with a median age of 44. It's very affluent as well, with a median income of $128,656 per household. The 07920 zip code is made up of homes that are of moderate age with a median of 24 years.
The 07920 zip code has some of the more expensive homes in the state with a median home value of $536,000 and a current average list price of $652,209.
A four-bedroom detached home valued around $1,039,175 is considered a typical dwelling in the 07920 zip code. If a buyer was looking for a similar home, they would need good credit and a $207,835 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $5,693 and the property tax rate is $19.49 per $1,000 of taxable assessed value.
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