08741, Pine Beach, NJ

The Pine Beach zip code of 8741 has a population of approximately 2,000 and a median household income of $128,000. The home equity in this zip code is $269,000 and the home prices are $1,050,000. This means that the average homeowner in this zip code has a net worth of $269,000 and the average home price is $1,050,000.

There are several factors that contribute to the high home values in this zip code. First and foremost is the fact that Pine Beach is located on one of the most desirable stretches of coastline in New Jersey. This location has led to an influx of wealthy residents who want to live close to the ocean. Additionally, Pine Beach is located within commuting distance of both Manhattan and Newark which has helped drive up prices. Finally, there is strong demand for homes in this area due to its proximity to major metropolitan areas.

Despite these factors contributing to high home values in Pine Beach, there are some potential risks associated with buying a home here. For one thing, interest rates have been historically low which could lead to buyers taking on more debt than they would if rates were higher. Additionally, although demand for homes in Pine Beach remains high relative to other areas within New Jersey, it could eventually become less so if more people start moving into the area or if prices start dropping significantly.