08559, Stockton, NJ

The 8559 zip code of Stockton, NJ has a median home value of $128,000 and a median home equity of $113,000. This is significantly lower than the statewide median home value of $218,500 and statewide median home equity of $217,000. The primary reason for this discrepancy is likely due to the high levels of foreclosure activity in the Stockton zip code. In fact, over one-third (35%) of homes in the 8559 zip code are currently in foreclosure.

Despite these high levels of foreclosure activity, there are still a number of homeowners in the 8559 zip code who are able to use their home equity to finance other investments or pay down debt. For example, 29% of homeowners in the 8559 zip code have used their home equity to pay down debt or finance other expenses. Additionally, 22% have used their home equity to purchase additional property or invest in other assets.

Overall, it appears that homeowners in the 8559 zip code are doing a good job managing their home equity and using it for various purposes. This suggests that despite current economic conditions, there is still potential for homeowners in this area to achieve success over time.