07304, Jersey City, NJ

The home equity and home prices in the 7304 zip code of Jersey City, NJ are quite high. The median home value in this zip code is $269,000, which is significantly higher than the statewide median home value of $157,500. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is very high. This indicates that there are a lot of wealthy homeowners in this area.

One reason for the high home values and percentage of homes worth more than $300,000 in this zip code is likely due to the presence of a lot of affluent residents. There are a number of prestigious universities located in this area, which likely contributes to the high level of wealth among its residents. Additionally, many businesses located in this area cater to wealthier customers who may be able to afford higher prices for goods and services.

Despite the high levels of wealth present in this area, it is important to note that not everyone living here enjoys these benefits. A significant number of residents living in 7304 Struggle with poverty or live below the poverty line. This may be due to low wages or insufficient income sources available to them. In addition, there is a large concentration of rental units located within this zip code – which may make it difficult for some people to purchase a home even if they have enough money saved up.