07762, Spring Lake, NJ

The 7762 zip code of Spring Lake, NJ has a median home value of $269,000. This is a decrease from the median home value of $291,000 in 2007. The decrease in home values can be attributed to the recession and low interest rates. In addition, there are fewer homes for sale in this zip code than other areas of the country.

Home equity is an important part of many people's lives. It can provide a cushion during tough times and help people buy or upgrade homes they may want to live in for years to come. Home equity can also be used as collateral for loans, which can help people purchase cars or other items they may need.

The 7762 zip code has a higher percentage of homeowners with home equity than the national average (79%). This indicates that homeowners here are more likely to have enough money saved up to cover any potential repairs or upgrades on their homes. Additionally, Spring Lake residents have been able to keep their homes relatively affordable compared to other areas throughout the country over the past few years.