07631, Englewood, NJ

Englewood, NJ is located in the 7631 zip code. The median home value in this zip code is $269,000. The home equity in this zip code is $128,000. This means that the homeowners in this zip code have a net worth of $158,000 and the home prices have increased by 16% since 2007.

The average credit score for homeowners in this zip code is 740. This means that most homeowners in this zip code are able to borrow money to purchase a home and have a good credit history. Homeowners who are not able to borrow money may be interested in purchasing a home through a mortgage company or using cash-out refinance options.

There are many factors that contribute to the increase of home prices including population growth, low interest rates, and limited supply of homes available for sale. Englewood has seen an increase of population over the past 10 years which has led to an increase of demand for housing and an increase of prices. Low interest rates also play a role as they make it easier for people to afford homes and pay off their mortgages faster.

While there may be some challenges ahead such as increasing taxes or regulations that could impact the housing market, overall Englewood residents appear to be doing well financially thanks to their strong home equity and rising property values