07939, Lyons, NJ

Home equity is a measure of the value of a home above what is owed on the mortgage. In general, the higher the home equity, the more secure homeowners feel in their ability to pay off their mortgages. Home prices are also important indicators of market health and can be used to compare housing values across different areas.

According to Zillow, as of September 2018, the median home value in the 7939 zip code was $287,500. This means that while there are a number of homes in this zip code worth less than $200,000, there are also a number of homes worth over $500,000. This indicates that while there may be some challenges facing homeowners in this area (due to low unemployment and modest wage growth), overall housing values are stable and well-above average for this part of New Jersey.

In addition to median home values, Zillow provides data on average list price and days on market. As of September 2018, the average list price was $309,900 and it took 66 days on market for properties to sell. These figures indicate that while there may be some competition for homes available (due to strong demand from buyers), sellers have had little difficulty finding buyers willing to pay above-average prices for properties in this zip code.

Overall then, it appears that both home equity and home prices are relatively stable in Lyons - providing security for homeowners who may have loans against their homes and indicating that housing values remain high relative to other parts of New Jersey.