01002, Amherst, MA

The 1002 zip code of Amherst, MA has a median home value of $269,000 and a median home equity value of $137,000. This is higher than the statewide median home value of $177,500 and the national median home equity value of $141,700. The 1002 zip code also has a lower than average rate of homeownership at 66%.

There are several factors that may contribute to the high values in the 1002 zip code. First, it is located in one of the most affluent areas in Massachusetts. Second, there is a high demand for housing due to the strong economy and low unemployment rates. Finally, there are relatively few homes for sale in this area which may lead to increased prices.

Despite these high values, there are some risks associated with owning a home in the 1002 zip code. One risk is that interest rates could rise over time which would decrease the value of your home. Another risk is that you could lose your house if you cannot afford to pay your mortgage or if you have difficulty selling it due to its high price tag.