01890, Winchester, MA

The Winchester, MA 1890 zip code is home to a population of approximately 11,000 people. The median household income in this zip code is $93,000, and the median home value is $527,500. Home equity in this zip code has increased by an average of 116% over the past 10 years.

Winchester has seen a steady increase in home values over the past decade. In 1990, the median home value was $191,500. Over the next 10 years, the median home value increased by an average of 22%. In 2000, the median home value was $269,500 and by 2010 it had reached $527,500. This increase in home values can be attributed to several factors: increasing demand for housing due to an influx of new residents and businesses; low interest rates that have helped to stimulate borrowing; and limited supply of homes available for purchase within Winchester.

Despite these positive trends, there are some challenges facing homeowners in Winchester. One issue is that there is a limited number of homes available for sale within the city limits. Additionally, interest rates have been relatively low throughout much of this period which may not be sustainable in the long term if rates rise significantly or if borrowers cannot afford to pay off their mortgages on time. Despite these challenges, homeownership remains one of the most important investments a person can make and continues to be one of Winchester's key economic drivers.