08401, Atlantic City, NJ

Atlantic City is a resort town located on the Atlantic Ocean in New Jersey. The city was founded in 1854 and became an important tourist destination after it was hit by a major storm in 1938. In 1978, Atlantic City's gambling industry went bankrupt, leading to its decline as a resort town. However, since the late 1990s, Atlantic City has seen a resurgence as a tourist destination and has experienced strong home equity and home prices growth.

As of 2016, the median home value in the 8401 zip code of Atlantic City was $269,000. This represents an increase of 116% since 2000 when the median home value was $118,000. Over this same period of time, the average annual rate of home equity growth in this zip code was 16%. This strong growth is likely due to several factors including increased tourism and investment activity in Atlantic City as well as low interest rates that have made it easier for buyers to obtain financing for homes purchase.

While there are some areas within this zip code that experience stronger home equity and home price growth than others, overall it is one of the strongest markets in New Jersey when it comes to housing values and rates of growth. Given its history as a popular tourist destination as well as its current status as one of the most affordable places to live in New Jersey, it is likely that this trend will continue into the future.