01545, Shrewsbury, MA

The 1545 zip code of Shrewsbury, MA has a median home value of $247,900 and a median home equity value of $122,500. The average home in the 1545 zip code was built in 1978 and is approximately 2,000 square feet. The 1545 zip code has a population of about 9,000 people.

There are several factors that contribute to the high home values in the 1545 zip code of Shrewsbury, MA. First and foremost is the fact that this area is affluent and well-educated. Many residents commute to jobs in Boston or Worcester and are able to afford homes that are larger than average in comparison to other areas of Massachusetts. Additionally, there is a high demand for housing due to the strong economy and limited supply of properties available. As a result, homeownership rates are high and prices have increased significantly over the past few years.

Despite these positive factors, there are also some challenges facing homeowners in the 1545 zip code of Shrewsbury, MA. One issue is that prices have risen so rapidly that many people who were not planning on buying a house have now done so due to skyrocketing prices. This has led to an increase in demand for housing which has caused construction delays and increased costs for materials (such as granite countertops). Additionally, there is concern that if interest rates rise again (as they have been known to do from time-to-time), many homeowners could find themselves unable to pay their mortgages on their current homes due to their low initial equity levels.