02056, Norfolk, MA

Norfolk, MA 2056 is a suburban zip code located in southeastern Massachusetts. The 2056 zip code has a population of approximately 105,000 people and an average household income of $105,000. The median home value in the 2056 zip code is $269,500.

The 2056 zip code has a high home equity rate compared to other Massachusetts suburbs. In the 2056 zip code, the home equity rate is approximately 18%. This high home equity rate is likely due to the strong economy and low interest rates in the area. Additionally, many homes in the 2056 zip code are owned by wealthy families who can afford to pay high prices for homes.

Despite having a high home equity rate, the 2056 zip code does not have a high home price index. In fact, the median home price in the 2056 zip code is only slightly higher than the statewide median home price of $265,000. This indicates that although homes in the 2056 zip code are expensive compared to other areas of Massachusetts, they are not as expensive as some other suburbs with similar demographics.