07702, Shrewsbury, NJ

The 7702 zip code of Shrewsbury, NJ has a median home value of $242,000 and a median home equity value of $153,000. These values are higher than the statewide median home value of $183,500 and the national median home equity value of $177,200. The 7702 zip code also has a higher than average percentage of homes with mortgages at 97%. This is likely due to the high demand for housing in this area and the availability of affordable mortgage rates.

The average commute time to work in the 7702 zip code is 26 minutes. This is lower than the statewide average commute time of 30 minutes and the national average commute time of 29 minutes. The percentage of employed residents in the 7702 zip code who are employed in manufacturing is lower than both the statewide percentage (10%) and national percentage (13%). This may be due to factors such as low economic growth or competition from other countries. The percentage of employed residents in the 7702 zip code who are employed in services is higher than both the statewide percentage (50%) and national percentage (45%). This may be due to factors such as an abundance of jobs or proximity to major cities.