Zip Code:

02171, Quincy, MA

02171 is a Massachusetts Zip code within the city of Quincy and the county of Norfolk County. Its population is roughly 17,836.

The History and Future of Quincy Real Estate

The 2171 zip code of Quincy, MA has a median home value of $239,000 and a median home equity value of $146,000. This is significantly higher than the Massachusetts state median home value of $175,000 and the national median home value of $177,500. The 2171 zip code also has a high percentage of homeowners (83%) and a low percentage of renters (17%). These factors contribute to the high home values in this area.

Another contributing factor to the high home values in the 2171 zip code is the strong economy. The unemployment rate in Quincy is 3%, below Massachusetts' average unemployment rate of 4.7% and below the national average unemployment rate of 5%. Additionally, Quincy's GDP growth rate was above both Massachusetts' statewide GDP growth rate (3%) and the national GDP growth rate (2%). These factors indicate that there is strong demand for housing in Quincy and that homeowners are able to sell their homes for more than they would have been able to if the economy were weaker.

Despite these positive factors, there are some areas where residents may be struggling with affordability. For example, while incomes have increased over time in Quincy, prices have not risen as quickly. This means that even with an increase in income, many residents may find it difficult to afford a house in this area. Additionally, while there are many homeowners in Quincy, there are also many properties available for sale which may make it difficult for people who want to buy a house but do not have enough money up front to do so.

Price Index: Boston, MA (MSAD)

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