The flip side of a question recently asked by ATTOM Data Solutions, the least equity-rich ZIP codes in New Jersey aren't all in locations that might seem readily obvious.
Half of the bottom 10 are still in major urban centers — three can be found in Trenton alone, along with one each in Camden and Newark — but two municipalities in historically rural Sussex County also make the list.
ATTOM defines "equity-rich" as when the amount of money still owed on a property is no more than 50% of its estimated market value.
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Overall in New Jersey, 40.2% of mortgaged residential properties are considered equity-rich, several points lower than the national rate of 48.5%.
Meanwhile, the Garden State boasts an underwater mortgage rate of 2.7% against the national figure of 2.9%.
LOOK: Here's where people in every state are moving to most
Stacker analyzed the Census Bureau's 2019 American Community Survey data to determine the three most popular destinations for people moving out of each state.
How much does the average NJ home cost? Median prices by county
Everything is costing more these days — and housing is certainly no exception in New Jersey.
Data for 2022 from January through August, compiled by New Jersey Realtors, shows that South Jersey has been seeing homes hit the market and sell in less than a month, on average.
Median prices for single-family homes have reached $500,000 and above in nine counties in North and Central Jersey.
All but two counties have seen houses go for more than the list price, on average, this year.
25 costliest hurricanes of all time
Although the full extent of damage caused by Hurricane Ian in the Southwest is still being realized, Ian is already being called one of the costliest storms to ever hit the U.S. Stacker took a look at NOAA data to extrapolate the costliest U.S. hurricanes of all time.
