07755, Oakhurst, NJ

Oakhurst is located in Bergen County, NJ and has a population of approximately 10,000. The median household income in Oakhurst is $105,000 and the median home value is $1,050,000. The average home equity loan-to-value (LTV) in Oakhurst is 97%.

The average home price growth in Oakhurst over the past five years has been 20%. Over the past year, the average home price growth has been 9%. In terms of ZIP code performance, Oakhurst ranks #5 out of 7755 ZIP codes with an annualized home price growth rate of 12%.

There are a number of factors that have contributed to the strong performance of homes in Oakhurst. One reason is that there are relatively few homes for sale compared to other areas within Bergen County. This limited supply has driven up prices and led to increased demand from buyers. Additionally, many homeowners in Oakhurst have taken advantage of low interest rates to finance their homes through equity loans. As a result, there are very few homes available for purchase at or below market value.

Despite these positive trends, there are some risks associated with buying a home in Oakhurst. One potential issue is that interest rates could rise over time and make it more difficult for homeowners to repay their loans. Another risk is that the market could experience a downturn and lead to decreased demand for homes in Oakhurst or even foreclosures. However, given the current conditions and overall strength of the housing market in Oakhurst, it seems unlikely that either of these scenarios will come to fruition anytime soon."