08090, Wenonah, NJ

The Wenonah, NJ 8090 zip code has a population of approximately 10,000 people and is located in Bergen County. The median home value in the 8090 zip code is $269,000 which is significantly higher than the national median home value of $177,500. The percentage of homes in the 8090 zip code that are owner-occupied is significantly higher than the national percentage of owner-occupied homes at 63%. Additionally, the percentage of homes in the 8090 zip code that are rented is also significantly higher than the national percentage of rented homes at 27%.

The high home values and homeowner occupancy rates in the 8090 zip code likely reflect several factors. First, Wenonah is a affluent community with a high concentration of families who can afford to purchase or rent a home. Second, Wenonah has excellent schools and access to many amenities and services that make it an attractive place to live. Third, Wenonah's economy continues to be strong which means that there are more jobs available than there are residents looking for them. Finally, Wenonah's low unemployment rate likely helps keep prices high.

Despite these positive factors, there are some challenges facing homeowners in the 8090 zip code. First, interest rates have been relatively low for much of this decade which has made it difficult for many people to get mortgages or borrow against their home equity. Second, although Wenonah's economy remains strong overall there may be periods when job growth slows down or wages decline which could lead to lower demand for housing and lower prices.