07081 Housing Market

$715,911

6.3% 1-yr

The average 07081 home value is $715,911, up 6.3% 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

07081 Key Takeaways

Typical Home Values: $715,911

1-year Value Change: +6.3%

(Data through July 31, 2025)

07081 Housing Market Overview

0.2%1-year Market Forecast(July 31, 2025)

38For sale inventory(July 31, 2025)

18New listings(July 31, 2025)

--Median sale to list ratio

--Median sale price(June 30, 2025)

$627,316Median list price(July 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
07092$1,040,343
07901$1,280,661
07033$642,410
07041$1,228,261
07088$492,573
07083$584,836
07078$2,269,681
07016$772,211
07027$681,242

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07081 Rental Market Trends

$2,701Average rent in 07081(July 31, 2025)

$2,072National average rent(July 31, 2025)

0.7%Month-over-month change(July 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.