02663, South Wellfleet, MA

The 2663 zip code of South Wellfleet, MA is located on the eastern shore of Cape Cod and includes a mix of rural and suburban areas. Home prices in this area have been steadily increasing over the past few years, reaching a peak in 2017. At this time, the median home price in this zip code was $1,095,000. Since then, prices have decreased slightly but are still above the 2017 level.

One reason for the increase in home prices in this area is that there has been an influx of new residents over the past few years. This has led to increased demand for housing and increased competition for available properties. Additionally, many homeowners who bought homes in this area several years ago are now able to sell them at a higher price due to their equity holdings.

Despite these positive factors, there are some potential risks associated with buying or selling a home in this area. For example, if interest rates rise significantly from their current levels or if another major hurricane hits Cape Cod, home values could decline rapidly. In addition, although South Wellfleet is generally considered to be a safe community with low crime rates, there have been occasional incidents of violence or vandalism that could affect property values.