01105, Springfield, MA

The 1105 zip code of Springfield, MA has a median home value of $154,000 and a median home equity value of $101,000. These values are significantly higher than the national median home value of $130,000 and median home equity value of $80,000. The 1105 zip code is also significantly more expensive than the statewide median home value of $140,000 and statewide median home equity value of $75,000.

One possible explanation for the high values in the 1105 zip code is that it is located in a desirable area. The zip code includes parts of Springfield and Westfield which are both popular residential areas. Additionally, many homes in the 1105 zip code are owned by wealthy individuals or families who can afford to pay high prices for properties.

Despite the high prices in the 1105 zip code, there is still some opportunity for buyers who are willing to invest some money into finding a good property. The average list price for homes in this zip code is only about 10% higher than what homeowners actually sell their homes for. This indicates that there is still room for buyers to purchase properties at reasonable prices if they are willing to look hard enough.