08610, Trenton, NJ

The Trenton, NJ zip code of 8610 has a population of approximately 197,000 people and a median household income of $60,000. The home equity and home prices in this zip code are both relatively high when compared to other zip codes in the state of New Jersey. In 2016, the median home value in the Trenton area was $187,500, which is significantly higher than the statewide median home value of $157,600. Additionally, the average home equity loan amount in this zip code is also much higher than the statewide average loan amount of $128,200. This indicates that many homeowners in this area have a considerable amount of equity in their homes.

One reason why home values and equity are high in this area is likely due to the presence of several major universities (e.g., Rutgers University-Newark and Princeton University). These institutions generate a large number of graduates who are able to purchase homes at high prices. Additionally, Trenton is located near major transportation hubs (e.g., Newark Liberty International Airport and Philadelphia International Airport), which makes it an attractive location for businesses and professionals. Overall, it appears that there are several factors contributing to the high levels of home equity and home prices in Trenton ZIP code 8610.