07746, Marlboro, NJ

The 7746 zip code of Marlboro, NJ has a median home value of $269,900 and a median home equity value of $124,200. This is significantly higher than the statewide median home value of $157,600 and the national median home equity value of $141,400. The majority of homes in this zip code are owner-occupied (77%), which is higher than the statewide homeownership rate of 66%. Additionally, this zip code has a lower percentage of vacant housing units (4%) than the statewide average (6%) and the national average (8%).

Marlboro's high home values may be partially attributable to its affluent population. The Census Bureau's 2016 American Community Survey estimates that the median household income in Marlboro is $101,000, which is above the state average ($76,500) and above the national average ($53,046). Additionally, Marlboro has a low unemployment rate (3.5%) compared to other New Jersey townships with over 5,000 residents (7.2%). These factors may contribute to why so many homes in this zip code are valued at over $269K.

Despite these high values however there are some caveats that should be considered when interpreting these statistics. First off while 77% of homes in this zip code are owner-occupied this does not mean that all residents are wealthy; many families who live in Marlboro struggle to make ends meet due to high housing costs and low wages. Second while there is a lower percentage of vacant housing units relative to other areas it should also be noted that many people who do not own their homes choose not to live in them for various reasons such as lack of space or maintenance issues. Finally while incomes and housing costs vary greatly from one neighborhood to another it's important not to overemphasize these differences when analyzing data on an individual level; for example someone who makes less money but lives in an area with lower housing costs may feel just as squeezed by those prices as someone who earns more but lives in an area with higher prices.