01604, Worcester, MA

Home Equity and Home Prices in the 1604 Zip Code of Worcester, MA

The 1604 zip code of Worcester, MA has a median home value of $217,000. This is significantly higher than the Massachusetts median home value of $172,500. The 1604 zip code also has a high percentage of homeowners with equity in their homes. In fact, over 60% of homeowners in this zip code have equity in their homes. This high level of equity is likely due to the strong economy and low interest rates that are currently available.

Despite the high level of equity in homes in the 1604 zip code, there is still significant demand for housing in this area. Over 85% of households in this zip code are occupied, which indicates that there is a lot of demand for housing here. This demand may be due to the strong economy or it may be because people want to live close to work or other important amenities. Whatever the reason, it seems that people are willing to pay a premium for housing in this area.