08865, Phillipsburg, NJ

Home Equity and Home Prices in the 8865 Zip Code of Phillipsburg, NJ

There are a number of factors that can affect home equity and home prices in a given zip code. In Phillipsburg, NJ, the median home value is $191,000. However, this figure can vary significantly based on the location within the zip code. For example, homes located in the more affluent areas of Phillipsburg have a median home value that is much higher than those located in less affluent areas. The average home value in Phillipsburg is $209,000.

The reason for this discrepancy has to do with several factors including location (e.g., access to schools and other amenities), size of the property (e.g., square footage), and type of construction (e.g., brick vs. vinyl siding). Additionally, homes that have been newly built or recently remodeled typically command a higher price than older homes.

As you would expect, home values also vary depending on whether they are primary residences or second homes. In general, properties that are used as primary residences tend to have higher values than those that are used primarily as second homes or vacation properties.

Overall, it is clear that there are many factors that can affect home equity and home prices in a given zip code – which makes it difficult to make generalized statements about them without first knowing more specific information about the area you're discussing