ZIP Code 07419 Housing Market

📝 Local Market Notes

ZIP code 07419 in Sussex County, New Jersey, exhibits a distinct upward price trajectory that significantly outpaces broader regional trends. From 2021 to 2025, the Home Price Index (HPI) surged from 179.55 to 313.96, representing a cumulative increase of approximately 75%. While a minor dip occurred in 2024, the subsequent rebound to the current level of 314.0 indicates strong underlying demand. This rapid appreciation suggests the market has moved beyond typical growth patterns into a phase of accelerated valuation over the last five years. The divergence between ZIP 07419 and its surrounding geography is pronounced. The ZIP’s year-over-year growth of +18.83% starkly contrasts with the Sussex County average of +6.57% and the New Jersey state average of +4.53%. This significant outperformance signals that 07419 is functioning as a premium sub-market, decoupled from the more moderate appreciation seen in neighboring areas like ZIP 07418 (+1.30%) and ZIP 07422 (+4.14%). Such divergence typically reflects localized scarcity or specific desirability factors that drive prices higher than the general county baseline. Characterizing the sub-market, the parent county’s median home value of $369,400 and high owner-occupancy rate of 83.7% suggest a stable, established residential environment. However, ZIP 07419’s HPI of 314.0 places it well above the county median, indicating a luxury or high-end segment within Sussex County. The median household income of $116,186 supports this higher valuation tier. For prospective buyers, the practical takeaway is that 07419 represents a premium entry point with significantly higher price sensitivity than the wider county. With mortgage rates at 7.40%, the cost of entry is substantial, and the rapid historical appreciation implies that current pricing reflects a market where supply constraints and high demand have driven values to levels exceeding the regional norm. Residents should anticipate a market characterized by limited inventory and elevated price points relative to adjacent ZIP codes.

Based on FHFA House Price Index data.