01350, Monroe Bridge, MA

The 1350 zip code of Monroe Bridge, MA has a median home value of $269,000 and a median home equity value of $157,000. This is a relatively high median home value and median home equity value when compared to other zip codes in Massachusetts. The reasons for this may be due to the fact that the 1350 zip code is located in a desirable area of Monroe Bridge, MA. Additionally, the population of the 1350 zip code is relatively affluent, with a median household income of over $100,000. This may also contribute to the high median home values and median home equity values in this zip code.

When looking at long-term trends in home prices and equity values in the 1350 zip code, it appears that both values have been on an upward trend over the past few years. In particular,home prices have increased by 7% since 2013 while home equity values have increased by 11%. It is likely that these increases are due to factors such as increasing demand for housing in the area and low interest rates which make purchasing a house more affordable than it has been in recent years. While there may be some fluctuations from year-to-year due to market conditions or other factors outside of homeowners’ control (e.g., economic recession), overall it appears that homeownership and property values are continuing to increase in this zip code.