01612, Paxton, MA

The Paxton, MA 1612 zip code has a population of about 9,000 people and is located in the western part of the town of Paxton. The median home value in this zip code is $236,000 which is about $50,000 more than the Massachusetts median home value. Home values in this zip code have been increasing at a rate of about 5% per year over the past five years.

There are a number of factors that may be contributing to the increase in home values in this zip code. One reason may be that there are a number of new homes being built in this area which could lead to an increase in demand for housing. Additionally, Paxton is located close to major cities such as Worcester and Boston which could lead to an increase in demand for residential property. Finally, there has been an increase in interest rates over the past few years which could make it more expensive for people to buy or sell homes.

Despite these positive factors, there are also some challenges facing home buyers and sellers in this area. One challenge may be that there are not enough homes available for sale within the 1612 zip code which could lead to increased prices and longer wait times for buyers who want to purchase homes. Additionally, there may be competition from other areas within Massachusetts or outside of Massachusetts where prices are higher due to greater availability of housing stock.