07603, Bogota, NJ

Bogota is a small town located in the 7603 zip code of New Jersey. The population of Bogota was 2,821 as of the 2010 census. Bogota is located in central New Jersey and is about 30 minutes from Philadelphia. The median home value in Bogota was $151,000 as of July 1, 2016 according to Zillow.com.

The average home value in the 7603 zip code has increased by over $30,000 since 2013 when it was at $128,500 according to Zillow data. This increase can be attributed to a number of factors including an increase in demand for homes due to an influx of new residents and job growth, low interest rates that have helped spur borrowing activity and limited supply which has driven up prices.

There are a number of things that buyers should keep in mind when purchasing a home in the 7603 zip code including location, schools and commute time. Location is key because buyers want to be close to amenities such as shopping and restaurants but not too close where they experience high traffic congestion or noise pollution from nearby businesses or factories. Schools are also important because they provide children with an education and can help dictate whether or not a buyer will want to live near them or commute long distances each day. Commute time is also important because buyers want to be able to get into their jobs without having to spend excessive amounts of time travelling each day.