01854, Lowell, MA

Lowell, Massachusetts was founded in 1630 and is located in the Pioneer Valley. The city has a population of approximately 100,000 and is known for its textile mills, educational institutions, and health care facilities. In 1854, the zip code of Lowell had a population of 9,824.

The median home value in Lowell in 1854 was $5,000. The city's home equity peaked in 1913 at $27 million but has since decreased to $14 million as of 2016. Home prices have also fluctuated over time; during the 1920s they increased by 50%, but during the Great Depression they decreased by 50%. As of 2016 there has been an increase of 7% in home values within the zip code.

Lowell's economy is primarily based on manufacturing and health care services. Manufacturing accounted for 27% of the city's GDP as of 2016 while health care services made up 17%. The majority (60%)of jobs are located within the service sector while manufacturing employs only 20%.

There are several factors that contribute to Lowell's high home prices including its proximity to Boston (just 40 minutes away), its strong economy, and low unemployment rates. Low interest rates also contribute to high prices as borrowers are able to pay off their mortgages more quickly than if they were paying higher interest rates on savings or credit cards. Additionally, many people who live in Lowell own their homes outright which gives them more control over their property values than those who rent or live in apartments