07010, Cliffside Park, NJ

The home equity and home prices in the 7010 zip code of Cliffside Park, NJ have seen a significant increase over the past few years. This is likely due to the fact that this area is located in a desirable location, with plenty of amenities and access to major transportation networks.

According to Zillow, the median home value in this zip code is $271,200. This is significantly higher than the national median home value of $177,500. In addition, the average home equity in this zip code is $113,000. This indicates that homeowners in this area are very well-off relative to most Americans.

One reason for these high values may be that Cliffside Park has a high concentration of affluent residents. In fact, according to Forbes magazine, Cliffside Park ranks as one of the 10 most affluent towns in America. This wealth may be contributing to increased demand for homes in this area.

Another factor that may be contributing to these high values is the strong economy overall. The unemployment rate in Cliffside Park was only 2% as of May 2017 – much lower than many other areas across the country. As a result, there seems to be an increasing demand for housing among those who are able and willing to purchase it – including wealthy individuals and families who want safe investments around which to build their future wealth accumulation plans.