02474, Arlington, MA

Arlington, MA is located in the Boston metropolitan area and has a population of around 236,000 people. The 2474 zip code covers parts of Arlington and has a median home value of $468,000. Home prices have increased significantly over the past few years and are now above the national average. In fact, according to Zillow, the 2474 zip code has the third-highest home value growth rate in Massachusetts.

One reason for this high home value growth is that Arlington is a growing city. It has seen significant job growth over the past few years, which has led to an increase in demand for housing. Additionally, Arlington is known for its quality schools and amenities, which have also contributed to its rising home values.

Despite these positive factors, there are some risks associated with buying a home in Arlington. One risk is that interest rates could rise later on in this cycle and make homes more expensive than they currently are. Another risk is that the market could crash – although this seems unlikely at this point given how strong the market appears to be overall. Overall, though, buying a home in Arlington appears to be a good investment – especially given how much prices have risen recently!