08844, Hillsborough, NJ

The home equity and home prices in the 8844 zip code of Hillsborough, NJ are very high. This is likely due to the close proximity of major cities like New York and Philadelphia, as well as the fact that this area is affluent. The average home value in this zip code is $1,898,000. This is significantly higher than the national average of $217,500. In addition, the median home value in this zip code is $1,769,000 which also exceeds the national median of $148,000. These high values may be a result of strong demand and limited supply in this area. Additionally, many homeowners have taken advantage of low interest rates to finance their purchases. As a result, there are currently more homes for sale than there are buyers interested in purchasing them. Consequently, prices will likely continue to rise over time as more people enter into contracts to purchase homes in this area.