01772, Southborough, MA

The 1772 zip code of Southborough, MA includes a population of approximately 9,000 people. The median home value in this zip code is $1,050,000 and the median home equity is $225,000. This indicates that the majority of homes in this zip code are valued at over $500,000. Additionally, the average home price growth in this zip code from 2010 to 2016 was 10%. This indicates that there is a high demand for homes in this area and that prices are likely to continue to rise.

There are several reasons why home prices in Southborough are so high. First and foremost, the area has a high demand due to its proximity to Boston and other major cities. Additionally, Southborough is located near many affluent areas such as Milton and Lexington which also contributes to the high demand for homes here. Finally, Southborough has a low unemployment rate which also contributes to the high demand for homes here.

Despite these positive factors, there are some potential risks associated with buying a home in Southborough. For example, if you have less than perfect credit or if you do not have enough money saved up for a down payment on a home in this area, you may not be able to purchase one. Additionally, if interest rates increase significantly from their current levels (which they could), then your monthly payments on your mortgage could increase significantly as well. However overall it appears that buying a home in Southborough is still an attractive option given all of the available benefits and risks involved