08050, Manahawkin, NJ

The 8050 zip code of Manahawkin, NJ is located on the Jersey Shore and has a population of about 10,000. The median household income in this zip code is $92,000 and the median home value is $370,000. Home equity in this zip code has increased significantly over the past few years and currently stands at around $500,000. This high level of home equity reflects the strong economy in the area and indicates that there are many homeowners who are doing well financially.

Home prices in Manahawkin have been increasing steadily for several years now. The average home price in this zip code was just over $300,000 back in 2010 but has since increased to over $370,000 as of 2016. This increase has been particularly pronounced in recent years as shown by the graph below which shows monthly home values from January 2010 to December 2016:

There are a number of factors contributing to this increase in home values including an improving economy and low interest rates. Additionally, there is a lot of demand for homes in Manahawkin due to its location on the Jersey Shore which is known for its beautiful beaches and resorts. Finally, there is limited supply available due to restrictions on development near the shoreline which has helped keep prices high.

Despite these positive trends, there are some potential risks associated with buying or owning a home in Manahawkin that should be considered before making any decisions:

-The area may experience another housing market crash like we saw back in 2008-2009; -The local schools may not be up to par; -Rising property taxes could put a dent into your wallet; -There may be restrictions on building new homes near the shoreline so prices could eventually go down if more people want to buy or own homes here; -The area can get quite hot during summer months so consider purchasing air conditioning if you plan on living here long term;