08361, Vineland, NJ

The Vineland, NJ 8361 zip code has a median home value of $161,000 and a median home equity of $101,000. This is lower than the statewide median home value of $205,500 and the national median home equity of $142,200. The 8361 zip code also has a lower than average homeownership rate at just 58%.

There are several factors that may contribute to the low home values in the Vineland, NJ 8361 zip code. One potential reason is that this area has been hit hard by the recession. Many people who were able to buy homes before the recession are now unable to do so because their incomes have not recovered enough. Additionally, many people who were buying homes for investment purposes may have decided to sell their homes now that prices have started to rise again.

Despite these challenges, there are some homeowners in the Vineland, NJ 8361 zip code who are seeing positive results from owning their homes. Some of these homeowners may be able to use their home equity as collateral for a new loan or they may be using it to pay down debt. Regardless of how homeowners in this area are using their home equity, it is clear that there is still strong demand for properties in this area.