07974, New Providence, NJ

The 7974 zip code of New Providence, NJ has a median home value of $205,000. This is significantly higher than the statewide median home value of $117,500. The 7974 zip code also has a significantly higher percentage of homes with a mortgage than the statewide average (79%).

One reason for this high home value and mortgage rate in the 7974 zip code may be its close proximity to Manhattan. Many people in this area work in Manhattan and are able to afford to buy a home there because the cost of living is relatively low. Additionally, many people who live in the 7974 zip code commute into Manhattan for work each day, which may also contribute to the high home values and mortgage rates.