07108, Newark, NJ

The home equity and home prices in the 7108 zip code of Newark, NJ are quite high. In fact, according to Zillow, the median home value in this zip code is $287,900. This is a significant increase from the median home value of $178,500 that was reported back in 2006.

There are a number of reasons why the home equity and home prices in this zip code have increased so much over the past few years. One reason is that there has been an influx of new residents into Newark over the past few years. This has led to an increase in demand for housing and consequently, an increase in home values.

Another reason for the high home values in this zip code is that there are a lot of affluent residents living here. Many people who live in this zip code earn high incomes and have a lot of disposable income available to them. As a result, they are more likely to be able to afford to buy a house than people who live elsewhere in Newark or across the country.

Despite these reasons, not everyone believes that the home equity and home prices in this zip code are too high. Some people believe that they are fair market values given all of the recent growth that has taken place here. Others believe that even if they are a bit high, they still represent good deals given how low interest rates currently are