07601, Hackensack, NJ

The 7601 zip code of Hackensack, NJ has a median home value of $247,000 and a median home equity value of $128,000. This is significantly higher than the national median home value of $177,500 and the national median home equity value of $101,200. The high home values in the 7601 zip code are likely due to its proximity to New York City and its affluent population.

The average monthly mortgage payment for homes in the 7601 zip code is $1,898. This is lower than the national average mortgage payment of $2,669 but higher than the average monthly mortgage payment for homes in Bergen County ($1,711). The lower mortgage payments in the 7601 zip code may be due to its low interest rate environment or its low homeownership rate (54%).

Despite having high home values and low mortgage payments, many homeowners in the 7601 zip code are struggling to maintain their homes. The homeownership rate in this zip code is only 54%, which is below the national homeownership rate of 63%. This indicates that many households in this zip code are either renters or have borrowed against their homes without being able to fully repay their loans.