07042 Housing Market

$912,389

3.4% 1-yr

The average 07042 home value is $912,389, up 3.4% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

07042 Key Takeaways

Typical Home Values: $912,389

1-year Value Change: +3.4%

(Data through June 30, 2025)

07042 Housing Market Overview

1.3%1-year Market Forecast(June 30, 2025)

54For sale inventory(June 30, 2025)

32New listings(June 30, 2025)

1.209Median sale to list ratio(May 31, 2025)

$944,000Median sale price(May 31, 2025)

$899,333Median list price(June 30, 2025)

89.3%Percent of sales over list price(May 31, 2025)

7.3%Percent of sales under list price(May 31, 2025)

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
07028$1,120,345
07003$602,532
07044$756,951
07043$1,344,234
07052$653,244
07017$495,985
07009$751,030
07110$656,480
07109$514,937

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07042 Rental Market Trends

$2,831Average rent in 07042(June 30, 2025)

$2,069National average rent(June 30, 2025)

-1.0%Month-over-month change(June 30, 2025)

3.9%Year-over-year change(June 30, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.