01506, Brookfield, MA

The 1506 zip code of Brookfield, MA has a median home value of $269,000 and a median home equity of $141,000. This means that the majority of homes in this zip code are valued at over $200,000. Additionally, the average home price in this zip code has increased by 8.5% since 2013. This is largely due to strong demand for housing in the area and steady job growth.

Despite these positive trends, there are some areas of concern for homeowners in the 1506 zip code. For example, there is a high level of mortgage delinquency (14%) and foreclosure (7%) within this area – indicating that many homeowners are struggling to make their payments on their mortgages or are facing eviction because they cannot afford to keep their homes. Additionally, there is a significant shortage of affordable housing options available in the 1506 zip code – making it difficult for families who want to buy or rent a home but can't afford to do so.

Overall, though there are some challenges faced by homeowners in the 1506 zip code, overall demand for housing continues to be strong and prices have continued to rise over the past few years. As long as these trends continue, homeowners should feel confident that their investments will continue to pay off over time