02657, Provincetown, MA

The 2657 zip code of Provincetown, MA is a coastal town located on Cape Cod. The median home value in this zip code is $824,000 and the median home equity is $236,000. This means that the homeowners in this zip code have a significant amount of equity in their homes. In addition, Provincetown has a low unemployment rate and high household incomes. These factors contribute to the high home values and home equity in this zip code.

Homeowners in the 2657 zip code have benefited from strong economic conditions over the past few years. The unemployment rate in this zip code is 3%, which is lower than the Massachusetts average of 4%. In addition, household incomes are high relative to other parts of Massachusetts. The average income for households in this zipcode is $101,500, which is higher than the statewide average of $79,500. These factors contribute to the high home values and home equity in this area.

Despite these positive trends, there are some risks associated with owning a home in Provincetown. One risk is that prices may decline if there are any changes to economic conditions or if there are any major developments near by that could impact demand for housing units. Another risk is that homeowners may not be able to sell their homes for what they believe they are worth due to restrictions on property sales imposed by local zoning laws or because they do not meet certain requirements such as having a minimum square footage or having been built before 1978 (when some zoning regulations were changed). Despite these risks, homeownership remains an attractive option for those who want to live close to nature and enjoy excellent economic conditions