07077, Sewaren, NJ

The Sewaren, NJ 7077 zip code is located in Morris County and has a population of around 10,000. The median home value in the 7077 zip code is $269,900 which is significantly higher than the statewide median home value of $157,600. This high home value has resulted in a high level of home equity for residents of the 7077 zip code. According to Zillow, as of August 2018, 69% of homeowners in the 7077 zip code had at least 80% of their total assets invested in their homes. This high level of home equity allows residents to borrow against their homes relatively easily, which has helped fuel the recent surge in home prices in the area.

Despite this recent surge in prices, there are still many opportunities available to buyers and sellers in the 7077 zip code. The average list price for homes currently listed on Zillow is $334,000 which is above the statewide average list price but below some other popular areas like Hoboken ($371,500) and Montclair ($370,000). Additionally, there are still plenty of listings available on both short-term and long-term basis which indicates that there is still plenty of demand for housing stock within the 7077 zip code.