01109, Springfield, MA

The 1109 zip code of Springfield, MA has a median home value of $171,000 and a median home equity value of $142,000. This is higher than the statewide median home value of $145,600 and the national median home equity value of $177,200. The 1109 zip code also has a lower than average unemployment rate at 3.5% and a higher than average population density at 2,821 people per square mile. These factors may contribute to the high home values in this area.

Another contributing factor to the high home values in the 1109 zip code is that it has a low foreclosure rate at 0.6%. This may be due to its stable population and economy over the past few years. Additionally, there are relatively few homes for sale in this area which may also contribute to the high prices.