01077, Southwick, MA

The 1077 zip code of Southwick, MA has a median home value of $1,070,000 and a median home equity value of $236,500. These values are significantly higher than the statewide median home value of $165,600 and the statewide median home equity value of $174,200. The 1077 zip code is also significantly higher than the national median home value of $177,700 and the national median home equity value of $142,400.

The 1077 zip code is located in Middlesex County and has a population of approximately 6,000. The majority (approximately 60%) of residents are homeowners while approximately 40% are renters. The average household size in the 1077 zip code is 2.5 people. The 1077 zip code has a relatively high percentage (approximately 80%)of residents who have at least some college education. Additionally, the 1077 zip code has a relatively low percentage (approximately 20%)of residents who are unemployed or underemployed.

The primary reason why homeowners in the 1077 zip code have such high home values is because there is an abundance of affluent households in this area. Additionally, many homes in this area were built before 1990 which means that they are considered pre-owned homes and have not experienced significant depreciation since they were purchased. In comparison, renters in this area typically do not have as much wealth to protect them from potential price decreases and may be more susceptible to price decreases if they need to sell their homes in the future.