07842, Hibernia, NJ

Hibernia, NJ is located in the 7842 zip code. According to the 2010 U.S. Census, the population of Hibernia was 2,814. The median household income in Hibernia was $105,000, and the median family income was $128,000. The per capita income in Hibernia was $41,868.

The home equity and home prices in Hibernia are very high compared to other zip codes in New Jersey. In 2010, the median home value in Hibernia was $269,500. This is more than double the median home value of $122,500 for all of New Jersey and more than triple the median home value of $101,500 for Middlesex County (the county containing Hibernia). The average home price for all of New Jersey was $158,700 in 2010 and the average home price for Middlesex County was $130,100.

There are a number of reasons why the homes in Hibernia are so expensive. First off, there is a high demand for housing in Hibernia because it is a popular location for people who work in downtown Newark or Elizabeth (both cities are within commuting distance). Secondly, there is a low supply of housing available because most homes were built before 1970 (when regulations regarding building density were stricter). Finally, many homes that are currently available have been renovated or upgraded recently which also adds to their value.