07063, Plainfield, NJ

The home equity and home prices in the 7063 zip code of Plainfield, NJ are very high. The median home value in this zip code is $325,000, which is more than double the national median home value of $157,500. Additionally, the percentage of homes in this zip code that are worth more than $1 million is among the highest in the country.

One reason for these high home values and percentages is that Plainfield is a desirable location. It is located just north of New York City and has a large population of affluent professionals. Additionally, many homes in this zip code are new construction or have been recently renovated, which contributes to their high values.

Despite these high values, there may be some potential buyers who are not able to afford these prices. In addition to being expensive, Plainfield also has a low vacancy rate – only 2% – which means that there are not many available homes for sale. This could lead to increased competition for available homes and decreased prices over time.