01701, Framingham, MA

Framingham, MA is a city located in Middlesex County, Massachusetts. According to the 2010 U.S. Census, the population of Framingham was 97,924. The 1701 zip code covers most of Framingham and has a population of 116,821 as of the 2010 census. Home equity is an important factor in homeownership and home prices.

The average price per square foot for homes in the 1701 zip code is $269 which is higher than the national average of $199 per square foot. The median home value in the 1701 zip code is $372,000 which is also higher than the national median home value of $177,500. The percentage of homes that are owned by their occupants (owner-occupied) is 79% which is lower than the national percentage of owner-occupied homes at 83%. However, this percentage has been increasing over time and was 78% as of 2000.

There are many factors that contribute to home prices and home equity including location, size and condition of the property, number and type of bedrooms and bathrooms, number and type of living spaces including garages/carports/lofts etc., schools in the area etc., public transportation options etc., proximity to major businesses etc., and tax rates etc.. In general though it appears that homeownership rates are high in areas with good access to jobs (high incomes), good schools (rated highly by parents), low crime rates (by comparison), low taxes (relative to other areas), comfortable temperatures year-round (not too hot or cold), ample green space nearby for recreation or relaxation etc..

Homeownership rates have been on a steady decline since 2006 but they remain high when compared to other countries around the world where homeownership rates are much lower. It seems that there are many reasons why people would want to own their own home rather than rent one which includes having more control over their finances; being able to live where they want; not having to worry about maintenance or repairs; being able to pass down property ownership; feeling like part of a community; feeling like you're "owning" your house rather than renting from someone else; feeling like you're contributing something valuable back into your community through your taxes; getting monthly payments instead of one large lump sum at closing etc..

It's interesting to note that while overall homeownership rates have been on a steady decline since 2006 there has been an increase in homeowner equity levels even though overall house values have decreased over this same period due bothto increased mortgage availability as well as decreasing interest rates over this same period). This suggests that while many people may be buying less expensive houses relative to what they could afford just a few years ago they're still making significant progress towards increasing their homeowner equity levels even though house values have decreased overall). This trend may continue given how low interest rates currently are making it easier for people who were previously unable or unwilling to borrow money against their homes now can do so at relatively low interest rates).