01370, Shelburne Falls, MA

The 1370 zip code of Shelburne Falls, MA has a population of just over 10,000 people and an average home value of just over $225,000. The median home value in the 1370 zip code is $223,500 which is significantly higher than the Massachusetts statewide median home value of $172,500. The 1370 zip code also has a much higher percentage of homes with equity (over 50%) than the statewide average of just over 30%. This indicates that homeowners in the 1370 zip code are more likely to have a significant amount of equity in their homes than homeowners statewide.

One reason for this high level of equity may be that Shelburne Falls is a relatively affluent area. The median household income in the 1370 zip code is $87,700 which is well above the statewide median household income of $65,657. Additionally, the percentage of households earning over $200,000 is well above the statewide average percentage of just under 20%. These factors may contribute to why so many homeowners in the 1370 zip code have significant amounts of equity in their homes.