07093, West New York, NJ

West New York, NJ is a suburb of New York City located in Hudson County. As of the 2010 Census, the population was 20,851. The 7093 zip code includes all of West New York and parts of Guttenberg and Union City.

According to the 2010 Census, the median household income in West New York was $87,711. The median home value was $269,000. The percentage of households earning over $200,000 was above the statewide average of 23%. However, the percentage of households earning less than $50,000 was below the statewide average of 21%.

The 7093 zip code has a higher percentage of homeowners than any other zip code in Hudson County. As of 2010, 82% of households in this zip code were owner-occupied compared to an average homeowner rate for Hudson County of 69%. Additionally, this zip code has a higher home value than any other zip code in Hudson County. The median home value in West New York is almost double that found in neighboring Guttenberg and Union City combined ($269K vs $130K). This high level homeownership and high home values are likely due to West New York's proximity to Manhattan as well as its affluent demographics.

Despite these positive trends for homeownership and home values in West New York, there are some challenges facing residents here. One issue is that there is a lack of available housing stock relative to demand from buyers and renters alike. Another challenge is that wages have not kept up with inflation rates which means that many residents are unable to afford homes on their own or with modest down payments. Finally, although mortgage rates have remained relatively low over recent years (4th lowest outof 100 largest metro areas), they could rise again if interest rates increase elsewhere in the economy or if there are further economic downturns within the near future