07403 Housing Market

$536,476

2.8% 1-yr

The average 07403 home value is $536,476, up 2.8% 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

07403 Key Takeaways

Typical Home Values: $536,476

1-year Value Change: +2.8%

(Data through August 31, 2025)

07403 Housing Market Overview

1.3%1-year Market Forecast(August 31, 2025)

22For sale inventory(August 31, 2025)

10New listings(August 31, 2025)

--Median sale to list ratio

--Median sale price(July 31, 2025)

$515,467Median list price(August 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
07420$483,660
07457$477,128
07442$543,901
07465$515,873
07405$667,510
07444$696,421
07436$733,029
07480$479,185
07440$674,289

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07403 Rental Market Trends

--Average rent in 07403

$2,007National average rent(August 31, 2025)

--Month-over-month change

--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.