08063, National Park, NJ

The 8063 zip code of National Park, NJ has a median home value of $269,000 and a median home equity value of $117,500. This is significantly higher than the national median home value of $177,500 and the national median home equity value of $130,000. The high home values in the 8063 zip code are likely due to the close proximity to major metropolitan areas such as New York City and Philadelphia. Additionally, National Park is a popular tourist destination that attracts people from all over the country.

Despite the high home values in the 8063 zip code, there is evidence that prices are beginning to decline. Between January 2017 and January 2018, the average sale price decreased by 2%. Additionally, between December 2017 and December 2018, there was an increase in listings (by 5%) which suggests that more people are looking to sell their homes in this area. While it is still early days for this market cycle, it appears that prices may be starting to decline which could lead to lower home equity values in future years.