ZIP Code 07418 Housing Market
ZIP code 07418 is located in Sussex County, New Jersey. Based on the FHFA House Price Index, the most recent annual HPI value is 239.7 (2000 = 100) , with a year-over-year change of +1.30% as of 2025.
📈 07418 HPI Trend
FHFA House Price Index for Five-Digit ZIP Codes (2000 = 100)
📝 Local Market Notes
The housing market in ZIP code 07418 within Sussex County, New Jersey, exhibits a complex price trajectory over the past five years. The Home Price Index (HPI) recorded 160.55 in 2021, spiking to 199.44 in 2022 before dipping to 164.28 in 2023. Recent data shows a sharp recovery, with the HPI rising to 236.6 in 2024 and reaching 239.7 in 2025. This pattern indicates significant volatility, characterized by a mid-cycle correction followed by a robust rebound that has pushed current valuations well above pre-2022 levels. A notable divergence exists between the ZIP code’s performance and broader regional metrics. While ZIP 07418 posted a year-over-year increase of +1.30%, Sussex County grew by +6.57% and the state of New Jersey by +4.53%. This underperformance relative to the county and state averages suggests that the local market is stabilizing after its recent surge, rather than accelerating. In contrast, nearby ZIP 07419 is experiencing much higher growth at +18.83%, indicating that price appreciation in Sussex County is unevenly distributed across specific sub-markets. The sub-market character of ZIP 07418 appears to be a mid-tier residential area within a predominantly owner-occupied county. With a county median home value of $369,400 and an owner occupancy rate of 83.7%, the area leans toward established homeownership rather than heavy rental activity or entry-level affordability. The HPI level of 239.7, which is more than double the 2000 baseline, reflects substantial long-term equity accumulation. However, the current mortgage rate of 7.40% significantly impacts purchasing power. Prospective buyers in ZIP 07418 should recognize that while the market has stabilized, it is not currently outpacing the wider county. Residents and investors should note that the local value proposition is distinct from the rapid appreciation seen in adjacent areas like ZIP 07419, positioning 07418 as a more mature, stable segment of the Sussex County housing landscape.
About This ZIP Code
ZIP code 07418 is one of the most active real estate sub-markets in Sussex County, New Jersey. The FHFA House Price Index tracks cumulative price appreciation since 2000, providing a consistent measure of long-term value change in this specific ZIP area.
For full county-level context, see the Sussex County Housing Market page, which includes ACS median home values, rent, owner-occupancy, employment, migration, and other economic indicators.
Other Active ZIPs in Sussex County
| ZIP Code | HPI | YoY | Latest Year |
|---|---|---|---|
| 07419 | 314.0 | +18.83% | 2025 |
| 07422 | 292.1 | +4.14% | 2025 |
| 07416 | 284.0 | +5.88% | 2025 |
| 07439 | 283.9 | +11.36% | 2025 |
| 07827 | 282.9 | +10.16% | 2025 |
| 07821 | 253.9 | +10.21% | 2025 |
| 07848 | 234.2 | +12.61% | 2025 |
| 07843 | 289.9 | +3.51% | 2025 |
| 07826 | 248.2 | +9.65% | 2025 |
Data Source: FHFA House Price Index for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100). Data as of 2025. This product uses FHFA Data but is neither endorsed nor certified by FHFA.