07626, Cresskill, NJ

The 7626 zip code of Cresskill, NJ has a median home value of $1,150,000 and a median home equity value of $298,500. This is significantly higher than the statewide median home value of $165,600 and the national median home equity value of $181,200. The 7626 zip code also has a significantly higher than average percentage of homes with mortgages at 97%. This indicates that homeowners in this zip code are more likely to be able to afford their homes than homeowners statewide or nationally.

The high home values in the 7626 zip code may be partially due to its close proximity to New York City. The city is known for its high demand for housing and consequently has driven up prices across the entire metropolitan area. Additionally, Cresskill is an affluent suburb with a high concentration of wealthy residents. These factors may contribute to the high levels of home equity in this area.