02081, Walpole, MA

Walpole, MA is a small town located in Norfolk County. The 2081 zip code includes the town of Walpole and a surrounding area. According to the 2010 census, the population of Walpole is 8,811. The median household income is $87,927 and the median family income is $104,769.

The average home value in Walpole was $349,000 in 2017. This represents an increase of 9% from 2016 when the average home value was $332,000. Over the past five years (2015-2017), the average home value has increased by 16%. In 2017 alone, there were 1,521 homes sold in Walpole which accounted for 97% of all sales in that year.

Home equity refers to what homeowners owe on their homes minus what they are actually worth. In 2017, 73% of homeowners in Walpole had home equity valued at more than their homes were worth. This compares to an overall Massachusetts rate of 58%. Home prices have been increasing faster in Walpole than anywhere else in Massachusetts over the past five years (2015-2017).

Income growth has not kept pace with house prices growth over recent years which may be contributing to some people being underwater on their mortgages or having less equity in their homes than they would like. Rising interest rates could also lead to more people becoming underwater on their mortgages or having less equity in their homes than they would like as interest payments become larger portions of monthly expenses..