01863, North Chelmsford, MA

The 1863 zip code of North Chelmsford, MA, includes a population of approximately 25,000 people. The median household income in this zip code is $101,000, and the median home value is $374,500. The home equity and home prices in this zip code are both very high compared to the rest of the United States.

The average monthly mortgage payment for a house in this zip code is $2,821. This is much higher than the national average mortgage payment of $1,161. The average price per square foot for homes in this zip code is also much higher than the national average price per square foot of $163.

There are many reasons why the home equity and home prices in this zip code are so high. First, North Chelmsford has a very high median income compared to other parts of the country. Second, there are a lot of affluent residents living in this zipcode who can afford to buy expensive homes. Third, there are few vacant homes available for sale in this area which drives up prices even more. Fourth, North Chelmsford has been experiencing strong growth over the past few years which has led to an increase in demand for housing units and property values. Fifth, North Chelmsford is located near major metropolitan areas such as Boston and Cambridge which makes it an attractive place to live and invest money into property values.