07017, East Orange, NJ

East Orange, NJ is located in the 7017 zip code. According to the 2010 census, East Orange had a population of 97,848. The median household income was $56,527 and the median family income was $64,914. In 2010, there were a total of 36,853 housing units in East Orange. Of these housing units, 31% were occupied by renters and 69% were occupied by owners.

The home equity and home prices in East Orange are very high compared to other areas of the country. The average home value in East Orange is $269,000 which is more than double the national average of $130,000. Additionally, the home equity in East Orange is also high with an average value of $144,000. This means that homeowners in East Orange have a lot of equity in their homes which can be used for a variety of purposes such as purchasing another property or investing money into other assets such as stocks or bonds.

One reason why the home values and home equity are so high in East Orange is because there are a lot of wealthy residents living there. The percentage of households earning over $200k annually is 38%, which is higher than both the national average (33%) and the statewide average (30%). Additionally, there are a lot of affluent retirees living in East Orange which has contributed to increased demand for homes and increased prices overall.