07407 Housing Market

$586,194

6.0% 1-yr

The average 07407 home value is $586,194, up 6.0% 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

07407 Key Takeaways

Typical Home Values: $586,194

1-year Value Change: +6.0%

(Data through March 31, 2025)

07407 Housing Market Overview

--1-year Market Forecast

11For sale inventory(March 31, 2025)

6New listings(March 31, 2025)

--Median sale to list ratio

--Median sale price(February 28, 2025)

--Median list price(March 31, 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
07504$547,562
07663$631,030
07513$541,198
07026$553,229
07514$502,060
07503$508,032
07011$545,382
07662$594,945
07410$661,407

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07407 Rental Market Trends

$2,370Average rent in 07407(March 31, 2025)

$2,005National average rent(March 31, 2025)

4.8%Month-over-month change(March 31, 2025)

--Year-over-year change

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.