07042 Housing Market

$882,961

3.1% 1-yr

The average 07042 home value is $882,961, up 3.1% 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: $882,961

1-year Value Change: +3.1%

(Data through November 30, 2025)

07042 Housing Market Overview

1.5%1-year Market Forecast(November 30, 2025)

40For sale inventory(November 30, 2025)

21New listings(November 30, 2025)

--Median sale to list ratio

--Median sale price(October 31, 2025)

$816,833Median list price(November 30, 2025)

--Percent of sales over list price

--Percent of sales under list price

--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$1,080,059
07003$579,989
07044$723,292
07043$1,290,328
07052$655,508
07017$476,352
07009$724,099
07110$638,093
07109$500,743

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07042 Rental Market Trends

$2,792Average rent in 07042(November 30, 2025)

$1,925National average rent(November 30, 2025)

-1.9%Month-over-month change(November 30, 2025)

3.2%Year-over-year change(November 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.