03055, Milford, NH

The 3055 zip code of Milford, NH has a median home value of $225,000. This is higher than the statewide median home value of $173,500. The 3055 zip code also has a lower than average percentage of homes with mortgages at 66%. This is lower than the statewide percentage of homes with mortgages at 71%. The 3055 zip code has a higher percentage of homes with equity (less than 5% down) at 33% compared to the statewide percentage of homes with equity (less than 5%) at 27%. These percentages are indicative of how well-off the residents in this zip code are relative to other residents in New Hampshire.

The 3055 zip code also has a high home equity to income ratio at 36%. This means that the residents in this zip code have more money available to them to spend on their own personal expenses or to invest in their businesses. This high ratio is likely due to the high percentage of homes with equity and low percentage of homes with mortgages. It is also indicative that these residents are confident in their financial stability and do not need as much money from lenders for loans or mortgages.