01253, Otis, MA

The Otis, MA 1253 zip code has a median home value of $191,500 and a median home equity of $141,000. The 1253 zip code is located in Worcester County and has a population of approximately 11,000. The majority of the homes in the 1253 zip code are single family homes. There is also a small percentage of multi-family homes in the area.

The Otis, MA 1253 zip code has seen an increase in home values over the past few years. In 2013, the median home value was $179,500 and by 2017 that had increased to $191,500. This trend seems to be continuing as according to Zillow's latest report (as of May 2019), the median home value in this zip code is currently at $209,900. This represents an increase of 9% since May 2018.

One reason for this increase in home values may be due to low interest rates and increasing demand for housing within the area. Additionally, there are relatively few new homes being built within the 1253 zip code which may contribute to higher prices over time. Another factor that could be contributing to this trend is that many homeowners who bought their homes several years ago are now ready to sell due to rising costs associated with living in their homes such as property taxes and maintenance expenses.