07847, Kenvil, NJ

Home Equity and Home Prices in the 7847 Zip Code of Kenvil, NJ

The 7847 zip code of Kenvil, NJ has a median home value of $236,000. This is higher than the statewide median home value of $174,500. The 7847 zip code also has a higher than average percentage of homes with equity (57%). This indicates that homeowners in this zip code are more likely to have more equity in their homes than homeowners statewide. Additionally, the 7847 zip code has a lower than average percentage of homes with mortgages (37%). This indicates that homeowners in this zip code are less likely to be burdened by mortgage payments relative to homeowners statewide.

Overall, these data suggest that homeowners in the 7847 zip code are doing well economically. They have more equity in their homes and are less likely to be burdened by mortgage payments. These factors may contribute to why home values in this area are high compared to other areas across New Jersey.