Median home value in zip code 07005 (Boonton, NJ) is $694K, up 2.8% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Full stress scores, AI analysis, and 12-month forecast: New York-Newark-Jersey City, NY-NJ-PA metro →

Home Value$693,875

YoY Change

+2.8%

AFFORDABILITY

Enter your income for 07005 (Boonton).

Income (annual)

Down Payment

$138,775 on $693,875

Out of reach — 66.1% of income

Need $177,171/yr to afford.

PITI$4,134

P/I66.1%

Afford$294K

Gap-$400K

P&I $3,509Tax $509Ins $117

6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

07005 is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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