03042, Epping, NH

The 3042 zip code of Epping, NH has a median home value of $236,000 and a median home equity value of $166,000. This is significantly higher than the national median home value of $181,500 and the national median home equity value of $142,700. The 3042 zip code also has a high percentage of homeowners (83%) and a low percentage of renters (17%). These factors contribute to the high home values in this area.

One reason for the high home values in the 3042 zip code is that it is an affluent area. The 3042 zip code has a higher percentage of residents who have incomes over $100,000 than any other zip code in New Hampshire. Additionally, there are many wealthy people who live in or commute to the 3042 zip code. Because these people are willing to pay more for homes in this area, they drive up prices.

Another factor contributing to the high home values in the 3042 zip code is that there are few homes available for sale. In fact, only 2% of homes for sale in this area are available at or below list price. This scarcity drives up prices even further because buyers have more power to negotiate with sellers and get better deals.

Despite these factors, not everyone living in or commuting to the 3042 zip code can afford to buy a house at current prices. For example, someone earning minimum wage would need to work 80 hours per week for 52 weeks per year to afford a typical house in this area without borrowing money from friends or family (assuming they could find one that was available). This indicates that not all residents are able to benefit from rising home values due to scarce availability and high demand.