08060, Mount Holly, NJ

Home Equity and Home Prices in the 8060 Zip Code of Mount Holly, NJ

The home equity and home prices in the 8060 zip code of Mount Holly, NJ are very high. In fact, according to Zillow, the median home value in this zip code is $1,099,000. This is a significant increase from the median home value of $847,500 that was reported back in 2007. The reason for this increase is likely due to both an influx of new residents into the area as well as an overall increase in property values throughout New Jersey.

While there are certainly some homeowners who have seen their home equity grow significantly over the years, there are also many families who have seen their homes decline in value. For example, back in 2007, the percentage of homeowners who had negative equity (meaning their homes were worth less than what they owed on them) was only 3%. However, by 2016 that percentage had increased to 10%. This indicates that more and more families are struggling to maintain a positive net worth when it comes to their homes.

Despite these challenges faced by many homeowners within the 8060 zip code of Mount Holly, NJ it remains one of the most desirable areas to live in New Jersey. This is likely due to both its proximity to major cities such as Newark and Trenton as well as its abundance of amenities and recreational opportunities. In addition, Mount Holly is also situated within close proximity to several prestigious golf courses which can be beneficial for those looking to purchase or sell a home.