01341, Conway, MA

The Conway zip code of 1341 covers a large area in southeastern Massachusetts. The median home value in this zip code is $269,000, which is considerably higher than the statewide median home value of $177,500. In addition, the average home equity in this zip code is $143,000, which is also significantly higher than the statewide average of $60,000. This indicates that homeowners in the Conway area are generally very confident in their ability to maintain and increase their home values over time.

One reason why Conway homeowners may be more confident about their property values is that there are relatively few foreclosures or short sales in this zip code. In fact, only 2% of homes here are classified as being in foreclosure or short sale status, which is much lower than the statewide average of 5%. This suggests that Conway residents are generally able to keep up with market trends and stay ahead of potential financial problems.

Another factor that may contribute to high home values and strong equity levels in the Conway area is the low rate of unemployment here. The unemployment rate for Conway residents was 4% as of May 2017, which was much lower than both the statewide unemployment rate (6%) and the national unemployment rate (4%). This means that there are plenty of jobs available for people who want them and that people who do have jobs can afford to buy homes without worrying about losing their jobs if they get into a financial crunch.

Overall, it appears that homeownership rates and home equity levels are high throughout much of southeastern Massachusetts – but especially so in the Conway area. This indicates that people who live here tend to be very financially secure and confident about their future prospects.