01224, Berkshire, MA

The 1224 zip code of Berkshire, MA has a median home value of $1,099,000. This is higher than the Massachusetts state median home value of $729,000 and the national median home value of $177,500. The percentage of homes in this zip code that are valued at over $1 million is 34%.

Berkshire has a high concentration of wealthy homeowners. The average household income in this zip code is over $250,000. This high income level results in a high demand for luxury homes in this area. In addition, Berkshire is located within commuting distance to Boston and other major metropolitan areas. As a result, the prices for homes in this zip code are higher than they would be if it were not located near such desirable neighborhoods.

Despite the high prices and demand for homes in the 1224 zip code of Berkshire, there have been some recent developments that could potentially impact home values in this area. For example, President Trump's proposed tax reform plan could lead to an increase in interest rates which would make it more difficult for people to afford mortgages and purchase homes. Additionally, there has been an uptick in crime rates within the vicinity of Berkshire which could lead to an increase in home insurance premiums and lower property values. However, overall it appears that home values will continue to rise relative to other areas within Massachusetts and nationwide due to the strong demand from affluent homeowners and proximity to desirable neighborhoods