I compiled some census data combined with local realtors and was able to make maps with the three themes (one which I made in an earlier post): median household income, average sale price, and combining these two, a "ratio" map, where the median household income is divided into the average sale price of homes in each zip code. There were a few "no values" for homes sold, I think about 10 zip codes, those are blank white in the last 2 maps. The 'green' means the ratio for income to house price is high, therefore representing less pressure on the homeowner: redder means the household income to average home sale price is more out of line.
The maps:
Household Income 2007
Average Home Sale Price 2007
Ratio (Median HH income/Average Sale Price)
Top 10 highest zips by mean sales price:
1. Alpine 07620 $3,450,000
2. Deal 07723 $1,919,024
3. New Vernon 07976 $1,450,000
4. Englewood Cliffs 07632 $1,300,000
5. Short Hills 07078 $1,262,500
6. Essex Fells 07021 $1,257,000
7. Far Hills 07931 $1,251,000
8. Franklin Lakes 07417 $1,147,500
9. Stone Harbor 08247 $1,125,000
10. Avalon 08202 $999,900
Top 10 lowest zips by mean sales price:
1. Camden 08102 $67,500
2. Camden 08104 $69,450
3. Camden 08103 $70,000
4. Pennsville 08070 $71,500
5. Camden 08105 $80,000
6. Port Norris 08349 $84,250
7. Shiloh 08353 $93,000
8. Trenton 08611 $100,000
9. Florence 08518 $109,000
10. Trenton 08608 $110,000
Best ratios Median HH Avg Sale Price
1. Pennsville .814 $58227 $71500
2. Shiloh .768 $71428 $93000
3. Port Norris .566 $47678 $84250
4. Florence .559 $60879 $109000
5. Clarksboro .505 $70241 $139213
6. Spotswood .49 $67125 $137000
7. Grenloch .482 $104544 $217000
8. Augusta .449 $96249 $214285
9. Newtonville .446 $49999 $112000
10.Camden (08104).408 $28316 $69450
Worst Ratios Median HH Avg Sale Price
1. Deal .036 $68392 $1919024
2. Newark(07114).038 $18617 $484000
3. Alpine .049 $167812 $3450000
4. Newark(07102).05 $15545 $313000
5. Stone Harbor .057 $64073 $1125000
6. Avalon .072 $71856 $999900
7. Newark(07108).073 $23802 $325000
8. Longport .077 $63025 $817500
9. Sea Isle City .079 $56268 $710000
10. Newark(07103).081 $24796 $307500