07644, Lodi, NJ

The home equity and home prices in the 7644 zip code of Lodi, NJ have seen a steady increase over the past few years. In fact, according to Zillow, the median home value in this zip code is currently $269,000. This is a significant increase from just five years ago when the median home value was only $157,000.

There are several reasons why the home values in this zip code have increased so much. First and foremost, Lodi is a growing city with plenty of new homes being built. Additionally, there is strong demand for housing in this area due to its close proximity to both New York City and Newark. Finally, there has been an influx of affluent families moving into Lodi over the past few years which has helped to drive up prices even further.

Despite these positive factors, there are still some risks associated with buying or selling a home in this area. For example, interest rates are currently at historic lows which could lead to higher mortgage payments down the road. Additionally, although prices have increased significantly over the past few years, they could still fall back down again if there is another economic downturn. Nevertheless, overall it appears that the market conditions in Lodi are favourable for buyers and sellers alike so it would be wise to consider investing in property here if you're interested in doing so.