08225, Northfield, NJ

The 8225 zip code of Northfield, NJ is located in Bergen County and has a population of around 25,000. The median household income in this zip code is around $105,000, which is higher than the national median household income of $59,445. Home prices in this zip code are around $269,000 on average, which is higher than the national average home price of $217,500.

There are a number of factors that contribute to the high home prices in the 8225 zip code of Northfield. First and foremost, this area is located in one of the most desirable parts of New Jersey and has access to a number of amenities that make it an attractive place to live. Additionally, there are a lot of people living in this zip code who have jobs that pay well enough to afford a home here. Finally, there is very little competition for homes in this area due to its limited population size. As a result, buyers have plenty of room to negotiate for high prices without having to worry about being undercut by other buyers.

Despite these factors contributing to high home prices in the 8225 zip code of Northfield, there are some things that could potentially lower prices here over time. For example, if more people move into this area or if wages increase significantly relative to housing costs then home values could decline over time. Additionally, if interest rates rise significantly then homeowners who owe more on their mortgages than their homes are worth could face difficulty selling their homes at current prices.