07022, Fairview, NJ

The home equity and home prices in the 7022 zip code of Fairview, NJ are quite high. In fact, according to Zillow, the median home value in this zip code is $1,851,000. This is a far cry from some of the other zip codes in New Jersey that have median home values that are much lower. For example, the median home value in the 7003 zip code of Cherry Hill is only $814,000.

One reason why the home equity and home prices in this particular zip code are so high is because there are a lot of affluent residents living here. Fairview has a population density of just over 10,000 people per square mile which means that there are a lot of wealthy people living here who can afford to buy expensive homes. Additionally, many of these homes were built between 1990 and 2000 which means that they are more likely to be worth a lot of money than homes built earlier in history.

Despite these factors, not everyone in this zip code is able to afford to buy an expensive home. In fact, according to Zillow's analysis of census data, about one-third of households in this zip code earn less than $75k per year. This means that many people who live here cannot afford to purchase a house even if they wanted to. Instead, they may have to live in apartments or rental properties which will likely cost them more money each month than if they lived somewhere else within the same city limits.