01757, Milford, MA

The 1757 zip code of Milford, MA, has a median home value of $225,000 and a median home equity value of $140,000. These values are higher than the statewide median home value of $172,500 and the statewide median home equity value of $130,000. This indicates that the homes in this zip code are more valuable than average.

There are several factors that may contribute to the high values in this zip code. First, Milford is located in a desirable area with plenty of amenities and opportunities for growth. Second, the homes in this zip code are likely well-maintained and have low vacancy rates. Finally, there is strong demand for housing in this area due to its proximity to major cities like Boston and Worcester as well as other desirable suburbs.

Despite these positive factors, there are some potential risks associated with owning a home in Milford. First, prices may continue to rise over time due to continued demand and strong economic conditions. Second, if interest rates increase or if there is a recessionary period in the economy, homeowners could experience significant financial difficulties due to their high levels of mortgage debt.