07032, Kearny, NJ

The 7032 zip code of Kearny, NJ has a median home value of $225,000. This is significantly higher than the national median home value of $181,500. The majority of homes in this zip code are owned by either the primary occupant or their spouse. There are also a small number of homes that are rented out.

There is a significant disparity in home values between racial and ethnic groups in the 7032 zip code. White households have a median home value that is almost double that of Hispanic or Latino households ($350,000 vs. $175,000). Black households have the lowest median home value ($130,000). This disparity may be due to disparities in income or education levels among these groups.

Home equity is an important factor for many people when deciding whether or not to buy a house. Home equity can be used to pay off debts such as mortgages and credit card bills, cover expenses such as repairs and renovations, or invest in assets such as stocks and bonds. The rate at which homeowners' equity grows over time can also affect their overall wealth status.