08104, Camden, NJ

The Camden, NJ 8104 zip code has a median home value of $145,000 and a median home equity of $111,000. This is significantly lower than the statewide median home value of $269,500 and statewide median home equity of $217,500.

There are several factors that may contribute to the low home values in the Camden 8104 zip code. First, Camden is one of the most crime-ridden cities in New Jersey. Second, many homes in this area were built before 1978 and are not up to current standards. Third, many residents have been displaced by gentrification in other parts of the city over the past few years.

Despite these challenges, there are some homeowners who have managed to achieve significant gains in their home equity over time. For example, one homeowner who purchased their home in 2006 has seen their equity grow to $111k from just under $50k five years later. While this is not typical for this area or for homes overall, it does illustrate that there is potential for significant wealth growth within this particular zip code if you are patient and willing to invest time and effort into your property."