01721, Ashland, MA

The 1721 zip code of Ashland, MA has a median home value of $269,000. This is a decrease from the median home value of $292,000 in 2007. The percentage of homes in this zip code that are valued at over $500,000 has also decreased from 21% to 16%.

The main factors contributing to the decrease in home values in this zip code are the recession and low interest rates. Many people have been selling their homes because they can no longer afford to keep them and they are looking for more affordable areas. Additionally, many people who bought homes during the housing bubble have been struggling to sell them since prices have decreased.

Despite these decreases, there is still a high demand for homes in this zip code and it is likely that prices will continue to rise over time. The main reason why prices may continue to increase is because there is a large number of young families moving into the area and they are looking for starter homes rather than luxury properties.