08867, Pittstown, NJ

The 8867 zip code of Pittstown, NJ has a median home value of $158,000. This is significantly higher than the statewide median home value of $117,500. The 8867 zip code also has a higher than average percentage of homes with equity (77%). This indicates that many homeowners in this zip code have a significant amount of equity in their homes.

One reason for the high home values and equity in the 8867 zip code is likely the strong economy and low unemployment rates in this area. Additionally, Pittstown is located within close proximity to major metropolitan areas such as New York City and Philadelphia, which may contribute to increased demand for housing in this area.

Despite the high home values and equity, there are still some homeowners who are struggling to afford their mortgages. In fact, approximately 10% of homeowners in the 8867 zip code have debt levels that exceed 30% of their total household income. This suggests that there is still room for improvement in terms of affordability for homeowners in this area.