01086, Westfield, MA

Westfield, MA is located in Middlesex County and has a population of approximately 84,000. The median household income in the 1086 zip code is $128,000 and the median home value is $1,078,000.

There has been a steady increase in home values over the past few years in Westfield. In January of 2016, the median home value was $1,046,500. This increased to $1,178,500 by December of 2017. The current median home value is $1,207,500 which indicates that prices have continued to rise over the past year.

One reason for this increase in home values may be due to an influx of new residents into Westfield who are able to afford higher priced homes. Additionally, many homeowners who have owned their homes for several years may be ready to sell as they are seeing an increase in inflation rates and may want to take advantage of rising prices before they lose all their equity.

Despite this positive trend for home values in Westfield over recent years there are still some areas that are more affordable than others. The 1086 zip code which includes Westfield has a lower median household income than other parts of Middlesex County which could be contributing to the discrepancy in home values between different parts of town. Additionally there are a number of neighborhoods within Westfield that have seen decreases in home values over the past few years such as Pinehurst and Brookside Village which could indicate that these areas may not be as desirable as other parts of town for potential buyers or renters.