08840, Metuchen, NJ

The Metuchen zip code, which covers a majority of the township of Metuchen in Middlesex County, NJ, had a median home value of $269,000 in 2017. This is up from $248,000 in 2016 and $227,000 in 2015. The increase can likely be attributed to an influx of new residents and families who are looking for affordable housing options close to major metropolitan areas such as New York City and Philadelphia.

Metuchen is also seeing an uptick in home equity values. In 2017, the median home equity was $141,000 – up from $128,000 in 2016 and $106,000 in 2015. This indicates that many homeowners are able to leverage their home equity to purchase additional property or invest elsewhere. Additionally, Metuchen has seen a rise in prices for single-family homes as well as condos and townhouses – all signs that the market is continuing to strengthen overall.