07508, Haledon, NJ

The 7508 zip code of Haledon, NJ has a median home value of $197,500 and a median home equity value of $122,000. This is significantly lower than the statewide median home value of $317,200 and statewide median home equity value of $217,600. There are a number of factors that may contribute to the low home values in this zip code. First, the population in this zip code is relatively young and has a high percentage of renters. This may lead to less demand for homes and higher prices for rentals. Second, there are a large number of vacant or under-utilized properties in this zip code. This may cause prices to decline as more investors enter the market and purchase these homes for less than their true worth. Finally, Haledon is located in an economically depressed region of New Jersey which may also contribute to low home values.