07110, Nutley, NJ

The 7110 zip code of Nutley, NJ has a median home value of $224,000 and a median home equity value of $128,000. These values are above the national median home value and median home equity values, respectively. The 7110 zip code is also above the statewide median home value and statewide median home equity values. The high home values in the 7110 zip code may be due to its close proximity to major cities such as New York City and Philadelphia. Additionally, the area has a high concentration of affluent families who may be able to afford higher-priced homes.

Despite the high home values in the 7110 zip code, there is still some room for growth in this area. The average annual rate of growth for homes in this zip code was 2.4% from 2010-2015, which is below the national average rate of growth (3.2%) but above the statewide average rate of growth (1.8%). This suggests that there is potential for more homeownership opportunities and higher prices in this area over time if current trends continue.