01083, Warren, MA

Warren, MA is located in Middlesex County and has a population of approximately 101,000. The median household income in Warren is $101,000 and the median home value is $269,900. The 1083 zip code has a population of approximately 5,500 and has a median household income of $92,500 and a median home value of $202,700.

There are several factors that contribute to the high home values in Warren. First and foremost is the fact that Warren is an affluent suburb of Boston. Many people who live in Warren commute into Boston for work or school which increases demand for housing near major transportation hubs. Additionally, many people who live in Warren own their homes outright which contributes to the high home values. Homeowners also have an increased incentive to keep their homes maintained since they are not subject to property taxes like renters are. Finally, there is limited supply of housing in Warren which contributes to the high home values.

Despite the high home values in Warren, there are some areas where prices have decreased recently due to low demand or new development that has decreased available housing stock. For example, prices have decreased around the intersection of Routes 128 and 9 (known as "The Corner") due to increased development outside of that area which has reduced available housing stock for buyers looking for properties close to major roads and businesses. Additionally, prices around Lake Cochituate have decreased recently as developers have begun building more condominiums instead of single family homes which has reduced available housing stock for buyers looking for properties on large lots near lakeside amenities such as boating and fishing opportunities.