01088, West Hatfield, MA

The 1088 zip code of West Hatfield, MA has a median home value of $269,000 and a median home equity value of $128,000. This is higher than the Massachusetts state median home value of $179,900 and the national median home value of $177,200. The 1088 zip code also has a higher than average percentage of homes with mortgages at 97%. This is likely due to the high demand for housing in West Hatfield and its surrounding areas.

West Hatfield is located in western Massachusetts near the Connecticut border. It is part of the Springfield metropolitan area which has a population of over 1 million people. The city's economy is based on health care, education, technology, and professional services. There are many businesses located in West Hatfield that support the local economy such as Abbott Laboratories (pharmaceuticals), Emerson Electric (electronics), Raytheon (defense contractors), and Staples (office supplies).

The 1088 zip code has a population density of 2,811 people per square mile which is above average for Massachusetts. This high population density contributes to the high demand for housing in this area. The 1088 zip code also has a low unemployment rate which likely contributes to the high demand for housing as well.

There are many factors that contribute to the high demand for housing in West Hatfield including its location within an affluent metropolitan area and its low unemployment rate. However, one major factor that contributes to the high demand for housing in this area is its low interest rates. In fact, according to Zillow's 2018 Home Value Index report , West Hatfield's interest rates are 3% below Massachusetts' average interest rates . This makes it more affordable for potential homeowners who want to purchase homes in this area.