ZIP Code 07040

ZIP Code 07040: frequently asked questions

What is the median home value in ZIP Code 07040?

The median home value in ZIP Code 07040 is $720,700, higher than 95% of U.S. ZIP codes.

How much is property tax in ZIP Code 07040?

The median annual property tax in ZIP Code 07040 is $10,001, an effective rate of 1% of home value.

Is ZIP Code 07040 expensive to live in?

Homes in ZIP Code 07040 cost about 4.15× the median household income, higher than 77% of U.S. ZIP codes.

What is the average rent in ZIP Code 07040?

The median gross rent in ZIP Code 07040 is $2,269 a month, higher than 96% of U.S. ZIP codes.

How much have home prices grown in ZIP Code 07040?

Home prices in ZIP Code 07040 have moved 52% over the past five years (5.2% in the past year), per the FHFA House Price Index.

What is the weather like in ZIP Code 07040?

ZIP Code 07040 averages 53.3°F year-round, summer highs near 84.2°F, winter lows around 24.2°F (NOAA 1991–2020 normals). It sees about 24 inches of snow a year.

Is ZIP Code 07040 at risk of flooding or natural disasters?

ZIP Code 07040's FEMA National Risk Index score is 27 (lower than 87% of U.S. ZIP codes). Its greatest modeled natural hazard is heat_wave. Modeled coastal-flood loss is negligible.