08240, Pomona, NJ

The Pomona, NJ 8240 zip code has a population of around 34,000 people and is located in Bergen County. Home prices in the 8240 zip code have increased by an average of 5.5% over the past year, which is much higher than the national average of 2.9%. The median home value in the 8240 zip code is $269,500 which is significantly higher than the statewide median home value of $157,500.

There are a number of factors that contribute to the high home prices in the Pomona, NJ 8240 zip code. One reason is that there are a lot of affluent residents living in this area. Another reason is that there are a lot of luxury homes available for sale in this area. Finally, there has been an increase in demand for homes in this area due to strong economic growth rates and low unemployment rates.

Despite these positive factors, some potential buyers may be hesitant to purchase homes in the Pomona, NJ 8240 zip code because they believe that prices will continue to rise rapidly. In addition, if interest rates increase from their current low levels it could make buying a home more expensive for potential buyers.