08823, Franklin Park, NJ

The home equity and home prices in the Franklin Park zip code of 8823 are very high. The median home value in this zip code is $1,853,000, which is more than triple the national median home value of $217,500. Additionally, the percentage of homes in this zip code that are worth more than $1 million is nearly double the national percentage of homes that are worth over $1 million. This indicates that there is a lot of wealth concentrated in this particular area.

One reason for the high home values in this zip code may be because it is located close to major cities such as New York and Philadelphia. These cities have a large number of wealthy residents who may want to live near them so they can have easy access to all the amenities those cities have to offer. Additionally, Franklin Park has many affluent families who may want to buy a house here because it is a safe and stable community with good schools.