01098, Worthington, MA

The 1098 zip code of Worthington, MA has a median home value of $153,000 and a median home equity value of $130,000. This is significantly higher than the statewide median home value of $178,500 and the national median home equity value of $146,200. The 1098 zip code also has a significantly higher percentage of homes with a mortgage than the statewide or national percentages: 78% vs. 54% and 68%, respectively. This may be due to the high level of home values in this area or to the relatively low levels of unemployment in Worthington compared to other areas in Massachusetts.

Despite these high levels of home values, there are still many homeowners in the 1098 zip code who are struggling to make their mortgage payments. According to Zillow’s Home Value Index for ZIP Codes within 100 miles of Boston (ZIP Code 10981), Worthington ranks as one of the most difficult areas in Massachusetts for homeowners who are struggling with their mortgage payments. In fact, Worthington ranks as one of the worst ZIP Codes in all 50 states for homeowners who are struggling with their mortgage payments.

Despite these challenging circumstances, many homeowners in the 1098 zip code continue to invest in their homes by refinancing or purchasing additional property through foreclosure or short sale transactions. These investments may be motivated by fear that prices will decline further or by hope that prices will rebound once more favorable market conditions prevail.