07922, Berkeley Heights, NJ

Berkeley Heights, NJ is located in the 7922 zip code. The median home value in this zip code is $1,074,000. The average home value in this zip code has increased by 9.5% since 2007. In 2007, there were 1,039 homes in this zip code and as of 2016 there are 1,123 homes. This increase in home values can be attributed to a variety of factors such as an increase in population and an increase in demand for housing due to an influx of new residents into the area.

Home equity is important because it provides homeowners with a cushion against unexpected expenses or declines in their income. Home equity can also be used to finance other investments such as cars or boats. Home prices are important because they reflect the worth of a property relative to other properties in the area. When house prices rise faster than inflation, homeowners may experience a period of wealth accumulation known as “home equity appreciation” which can provide significant financial benefits over time.