02557, Oak Bluffs, MA

The 2557 zip code of Oak Bluffs, MA is located on the eastern shore of Martha's Vineyard. The zip code has a population of just over 6,000 people and an average household income of over $140,000. Home values in the zip code have increased by an average of 9% annually over the past five years.

The main drivers of home equity growth in the 2557 zip code are strong job growth and low interest rates. In addition, there is a large number of wealthy residents who are able to invest in property through home equity loans or mortgages. These factors have helped to increase home values in the area by an average of 9%.

Despite these positive trends, there are some risks that could impact home values in the 2557 zip code. For example, if there is a sharp decline in employment or interest rates, then prices may decrease as well. Additionally, if there is a sudden increase in demand for homes due to rising prices elsewhere in the country or world, then prices could rise rapidly.