08520, Hightstown, NJ

The 8520 zip code of Hightstown, NJ has a population of around 27,000 and is located in Mercer County. The median household income in this zip code is $101,000 and the median home value is $269,900. Home equity in this zip code has increased by an average of 18% over the past five years.

There are a number of factors that have contributed to the increase in home equity in this zip code. One reason is that the unemployment rate here is lower than the national average and there are more jobs available than people looking for them. Additionally, homes here are generally newer and larger than those found in other parts of the country, which means that they are worth more on the market.

Despite these positive trends, there are some risks associated with home equity growth as well. One such risk is that if interest rates rise significantly, homeowners could find themselves struggling to make their payments on their mortgages. Additionally, if someone decides to sell their home before it reaches its full value, they may not be able to recoup all of their investment losses.