ZIP Code 07031

ZIP Code 07031: frequently asked questions

What is the median home value in ZIP Code 07031?

The median home value in ZIP Code 07031 is $474,500, higher than 87% of U.S. ZIP codes.

How much is property tax in ZIP Code 07031?

The median annual property tax in ZIP Code 07031 is $10,001, an effective rate of 2% of home value.

Is ZIP Code 07031 expensive to live in?

Homes in ZIP Code 07031 cost about 5.04× the median household income, higher than 86% of U.S. ZIP codes.

What is the average rent in ZIP Code 07031?

The median gross rent in ZIP Code 07031 is $1,738 a month, higher than 89% of U.S. ZIP codes.

How much have home prices grown in ZIP Code 07031?

Home prices in ZIP Code 07031 have moved 59% over the past five years (9.2% in the past year), per the FHFA House Price Index.

What is the weather like in ZIP Code 07031?

ZIP Code 07031 averages 54.8°F year-round, summer highs near 84.3°F, winter lows around 27.2°F (NOAA 1991–2020 normals). It sees about 28.2 inches of snow a year.

Is ZIP Code 07031 at risk of flooding or natural disasters?

ZIP Code 07031's FEMA National Risk Index score is 50 (lower than 68% of U.S. ZIP codes). Its greatest modeled natural hazard is earthquake. Expected annual loss from flooding is 0.03 per $1,000 of building value.