01107, Springfield, MA

The 1107 zip code of Springfield, MA has a median home value of $159,000 and a median home equity value of $128,000. These values are above the national median home value and median home equity values, respectively. The 1107 zip code also has a high percentage of homeowners (84%) and a low percentage of renters (14%).

The 1107 zip code is located in the western Massachusetts region. This region has a lower than average unemployment rate and higher than average wages. Additionally, this region has access to many amenities that are not typically found in other parts of the country, such as mountains and lakes. These factors may contribute to the high home values in this area.

Despite having high home values, the 1107 zip code is not immune to economic downturns. In fact, this area was hit particularly hard by the 2007-2009 recession. As a result, there have been decreases in both home values and home equity values since then.