08505, Bordentown, NJ

Bordentown, NJ is located in the 8505 zip code. The 8505 zip code has a population of approximately 31,000 people. Bordentown is a small town that was founded in 1686. The town is known for its horse racing and casino industry.

The median home price in the 8505 zip code is $209,900 which is higher than the national median home price of $183,500. The average home value in the 8505 zip code increased by 7% from 2016 to 2017. There are currently 9,824 homes for sale in the 8505 zip code which represents an inventory of 24 months. The average days on market for properties in the 8505 zip code is 47 days which indicates that there are a high number of available homes for sale.

The majority of homes in the 8505 zip code are single family detached homes which account for 96% of all housing units in the area. There are also a small number of multi-unit buildings such as apartments and condos available within this area.

The main industries that are located within Bordentown include healthcare, professional services, and retail trade. These industries have been responsible for creating many jobs over the years and have helped to drive up housing prices within this area.

There has been an increase in home equity loans throughout North America over recent years due to low interest rates and increasing demand from buyers who want to purchase properties before prices increase further. This has led to an increase in homeownership rates throughout North America but it has also led to an increase in mortgage delinquencies and foreclosures within certain areas such as Bordentown where there is a greater demand for property ownership than there are available homes available to buy at current prices