08247, Stone Harbor, NJ

The 8247 zip code of Stone Harbor, NJ is located on the Jersey Shore and has a population of approximately 5,000. The median home value in this zip code is $1,827,000 which is significantly higher than the statewide median home value of $217,500. In addition, the home equity in this zip code is also significantly higher than the statewide average home equity of $141,200.

One reason for the high home values and home equity in this zip code is likely due to its proximity to both New York City and Philadelphia. Stone Harbor is just minutes away from both major metropolitan areas and as a result has a large population of affluent individuals who are able to purchase expensive homes. Additionally, many homeowners in this zip code have taken advantage of low interest rates over the past few years and have been able to increase their equity holdings significantly.

Despite the high values and strong home equity in this zip code, there are some risks associated with owning a property here. For example, if interest rates rise again or if there are any significant economic downturns in either New York City or Philadelphia, then homeowners could find themselves struggling to pay their mortgages or sell their homes for a fair price. Additionally, although Stone Harbor is generally safe and peaceful (with the exception of occasional summertime crime waves), it can be susceptible to natural disasters such as hurricanes or earthquakes that may cause significant damage to homes or businesses in the area.