07661, River Edge, NJ

The home equity and home prices in the 7661 zip code of River Edge, NJ are very high. The median home value in this zip code is $1,895,000 and the median home equity value is $1,527,000. This makes the 7661 zip code one of the most expensive zip codes in New Jersey. Additionally, the average home price growth in this zip code over the past five years has been 12%. This means that there is a lot of demand for homes in this area and prices are likely to continue to rise.

One reason why prices are so high in this area is because there are a lot of wealthy people living here. The population of River Edge is mostly affluent and wealthy people tend to be more likely to buy expensive homes. Additionally, many people who live in River Edge own multiple properties which also contributes to high prices.

Despite being one of the most expensive zip codes in New Jersey, it does not mean that there aren't any affordable homes available in River Edge. In fact, according to Zillow's analysis of data from Trulia, the median list price for a house that is within reach of a typical income earner (median household income was $128,200) is $799K. So if you're looking for an affordable place to live in River Edge, you may be able to find something that fits your needs.