07731, Howell, NJ

Howell, NJ is a small town located in the northwestern part of Bergen County. The population of Howell was 12,871 as of the 2010 Census. The median household income in Howell was $92,912 in 2010. Home prices in Howell have increased significantly over the past few years and are now among the highest in Bergen County.

The 7731 zip code covers much of western Howell and has some of the highest home equity values in Bergen County. As of February 2017, the median home value in this zip code was $527,000. This represents an increase of more than 100% since 2013 when the median home value was $236,000. In addition to high home equity values, Howell also has some of the highest home prices in Bergen County. As of February 2017, the median price for a single-family home in this zip code was $735,000. This represents an increase of more than 50% since 2013 when the median price for a single-family home was $409,000.

There are several factors that have contributed to these high home values and high home equity rates in Howell:

1) The population growth rate in Howell is among the highest rates in Bergen County. Between 2000 and 2010 alone, the population grew by 31%. This strong population growth has led to increased demand for housing and consequently higher prices for homes throughout Howell.

2) The availability of affordable housing options has been limited due to rapid population growth and increasing demand for housing within Howell. There are currently only a limited number of available homes that are priced at or below market rates which has driven up prices for homes that do become available. In addition to limited availability of affordable housing options, there is also a lack of new construction projects underway which would provide additional housing stock at lower prices near market rates. As a result, many homeowners who want to sell their homes must accept offers above their original list price or wait until there is an opportunity to purchase a new house at a lower price point (which may not be possible for many homeowners).

3) The low interest rates environment has helped drive up values by providing incentives for homeowners to borrow against theirhome equity insteadof taking out traditional loans such as mortgages or credit cards.. Low interest rates have made it cheaperfor homeowners to pay off their existing mortgage debt rather than take on additional debt burdensome loans that would require monthly payments over an extended period time period (such as credit card debt). Additionally,, low interest rate environments make it easierfor investorsto purchase residential property assets such as homesand investin them without havingto worry aboutthe associated risks (suchasdefaults). These factorshave all contributedto increasedvaluesandhighhomeequityratesin Howelloverthepastfewyears