01074, South Barre, MA

The 1074 zip code of South Barre, MA has a median home value of $181,000 and a median home equity of $121,000. This is higher than the statewide median home value of $177,500 and the national median home equity of $142,200. The 1074 zip code also has a lower than average rate of homeownership at 59%. This is likely due to the high cost of living in this area and the fact that many residents are likely paying off mortgages or other large debts.

Despite these high values, there are still a number of homeowners in the 1074 zip code who are struggling to make their payments. According to Zillow’s Home Value Index for Massachusetts (ZHVI), approximately 20% of homes in this zip code are worth less than their outstanding mortgage balances. This means that many residents are facing serious financial challenges when it comes to maintaining their homes.

In addition to struggling with debt payments, many homeowners in the 1074 zip code are also dealing with declining home values. According to Zillow’s Home Value Index for Massachusetts (ZHVI), approximately 28% of homes in this zip code have decreased in value since 2016. This indicates that there is a lot of competition for limited housing stock in this area and that prices will continue to decline over time unless something changes.