02453, Waltham, MA

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. Home prices are the price at which homes are sold in a given area. In Waltham, MA, home equity and home prices have been on an upward trajectory for many years now. According to Zillow, as of March 2019, the median home value in Waltham was $1,098,000. This is up from $715,000 in March 2006.

There are several factors that have contributed to this trend in Waltham. First and foremost is the fact that Waltham has seen steady population growth over the past decade or so. This has led to an increase in demand for homes and consequently an increase in home values. Additionally, Waltham has seen relatively low levels of unemployment over the past few years which has also helped to drive up prices. Finally, there is evidence that suggests that buyers are increasingly willing to pay more for homes in Waltham than they were five or ten years ago.

Despite these positive trends, there are some caveats worth noting when it comes to home equity and home prices in Waltham. For one thing, it should be noted that not all homeowners in Waltham have benefited from this trend – those who bought into foreclosure or during periods of high housing values (such as during the late 2000s) may find themselves struggling to recover their investment relative to those who bought more recently or during quieter times (such as now). Additionally, while house values have increased significantly over recent years, they remain relatively low when compared with other major metropolitan areas across Massachusetts and even nationally (Zillow puts Boston’s median house value at $1 million). So while it’s likely that homeownership rates will continue to rise within Waltham – especially given its strong population growth prospects – it’s important not to get too carried away with current market conditions