01562, Spencer, MA

The Spencer, MA 1562 zip code is located in Worcester County and has a population of approximately 25,000. Home equity in this zip code has increased by an average of 10% over the past five years, and home prices have increased by an average of 7%. The median home value in this zip code is $291,000.

There are several factors that have contributed to the increase in home equity and home prices in the Spencer, MA 1562 zip code. First, the economy has been strong over the past few years, which has led to more jobs and higher wages. This has allowed people to buy homes more easily and afford larger mortgages than they would have been able to a few years ago. Second, there is a high demand for housing in Spencer due to its close proximity to major cities (Boston and Worcester) as well as its many amenities (including schools and shopping). Finally, there is limited supply of homes available for purchase within this zip code – which means that there are relatively few homes that are available for sale compared to other areas of similar size. As a result of these factors, home equity and home prices have continued to rise in the Spencer, MA 1562 zip code over the past five years.