Median home value in zip code 07407 (Elmwood Park, NJ) is $600K, up 3.4% 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$600,422

YoY Change

+3.4%

AFFORDABILITY

Enter your income for 07407 (Elmwood Park).

Income (annual)

Down Payment

$120,084 on $600,422

Out of reach — 57.5% of income

Need $153,986/yr to afford.

PITI$3,593

P/I57.5%

Afford$292K

Gap-$308K

P&I $3,036Tax $440Ins $117

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

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

Metro Analysis

07407 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.

View New York-Newark-Jersey City, NY-NJ-PA analysis

Want deeper metro-level analysis?Stress scores, crash risk, 12-month forecasts, and early warning signals for 195 US metros.

Try Free