02150, Chelsea, MA

The 2150 zip code of Chelsea, MA has a median home value of $1,078,000. This is a decrease from the median home value of $1,165,000 in 2007. The average home price in the 2150 zip code increased by 9% between 2007 and 2016.

The Chelsea area has seen an increase in home equity over the past decade. In 2007, the median home equity was $127,500. By 2016 this had increased to $158,500. This indicates that homeowners have been able to leverage their homes and increase their net worth over time.

Home prices are also affected by local market conditions and trends. In general, prices tend to rise when there is an increase in demand and fall when there is a decrease in demand or when there are other factors that could lead to decreased values such as natural disasters or economic recession.

Overall, Chelsea homeowners have been able to build up significant equity in their homes over time which has helped them achieve overall stability and prosperity for themselves and their families.