07073, East Rutherford, NJ

East Rutherford, NJ is located in the 7073 zip code. According to the 2010 census, East Rutherford's population was 106,521. The median household income was $86,811 and the median family income was $104,667. Home prices in East Rutherford have increased significantly over the past few years. In March of 2018, the median home price in East Rutherford was $1,075,000. This represents a growth of 116% since March of 2013.

East Rutherford is a diverse community with a large number of families and single-family homes. The majority of homes in East Rutherford are owner-occupied and there is a strong demand for housing due to its excellent schools and proximity to New York City. The average commute time to work is 26 minutes according to Commute New Jersey.com .

The 7073 zip code has seen an increase in home equity over the past few years due to rising home prices and strong economic conditions. According to Zillow , the average home value in this zip code has grown by 116% since 2013 which indicates that there is strong demand for housing in this area. Additionally, Zillow reports that as of March 2018 , the percentage of homes sold within 5 miles of East Rutherford that were purchased with cash was at its lowest level since 2007 . This indicates that many homeowners are able to borrow against their home equity to purchase additional property or take out loans for larger purchases such as cars or houses outside of East Rutherford