07928, Chatham, NJ

The 7928 zip code of Chatham, NJ has a median home value of $269,000 and a median home equity value of $145,000. The average mortgage debt for homes in this zip code is $161,500. This means that the majority of homeowners in this zip code are carrying a mortgage on their home.

There are a number of factors that can affect the home equity and home prices in any given zip code. In Chatham, NJ, there is strong demand for housing due to its proximity to New York City and other major metropolitan areas. Additionally, the area has seen relatively low rates of inflation over the past few years which has kept prices stable relative to other areas in New Jersey.

Despite these positive factors, there are some potential risks that could impact the market conditions in Chatham. For example, if there were to be an economic downturn or another housing market crash, it could have a negative impact on both home equity values and home prices in this zip code.