08251, Villas, NJ

The 8251 zip code of Villas, NJ has a median home value of $269,000 and a median home equity value of $119,000. This is higher than the statewide median home value of $179,500 and the national median home equity value of $142,600. The 8251 zip code also has a lower than average homeownership rate at 54%. This is due in part to the high levels of home equity in this area.

The high levels of home equity in the 8251 zip code are likely due to the strong economy and low levels of unemployment in this area. Additionally, there are many affluent residents living in this zip code who are able to leverage their homes for additional investment opportunities. The low homeownership rate may be attributable to factors such as limited availability of affordable housing or higher costs associated with owning a home in this area.