02050, Marshfield, MA

The Marshfield, MA 2050 zip code is located in Middlesex County and has a population of approximately 73,000. The median home value in this zip code is $283,200 and the median household income is $85,000. In terms of home equity, the 2050 zip code ranks #1 out of all the zip codes in Massachusetts with a median home equity value of $269,100. This means that homeowners in this area have more than twice as much equity in their homes as homeowners in the second ranked zip code (Somerset) with a median home equity value of $119,700.

When looking at average monthly mortgage payments for homeowners in this area it is interesting to note that the average mortgage payment for those who own their homes outright is $2,711 while those who are borrowing against their homes have an average monthly mortgage payment of $2,848. When comparing these numbers to other Massachusetts zip codes it is evident that homeowners here are paying significantly more on their mortgages than homeowners in other parts of the state.

Overall it can be said that homeownership rates and home equity values are high throughout the 2050 zip code and this likely reflects strong demand from buyers and sellers alike. While there may be some areas where prices may decline over time due to economic conditions or other factors (as has been seen throughout history), it seems likely that overall prices will continue to rise over the next several decades