03229, Contoocook, NH

The Contoocook, NH 3229 zip code has a population of just over 10,000 people and a median home value of $191,500. The home equity in this zip code is relatively high when compared to other zip codes in the state of New Hampshire. In fact, the median home equity in New Hampshire is only $111,500. This means that the majority of homes in this zip code have more than $191,500 worth of equity.

One reason for this high level of home equity is likely due to the fact that Contoocook is a relatively affluent area. The median household income in this zip code is $101,000 which is well above the state average of $60,000. Additionally, there are a number of large estates and luxury homes located within the boundaries of this zip code. As a result, many homeowners here have been able to build up significant levels of equity over time.

While there are some benefits to having high levels of home equity, there are also some risks associated with it. If you lose your job or experience other financial setbacks, you may find it difficult to quickly sell your home and recover any lost money. Additionally, if interest rates rise significantly from their current low levels (which they could), then your mortgage payments could become much higher than they currently are. If you're considering buying or selling a home in the 3229 zip code be sure to consult with an experienced real estate agent who can help you understand all your options and make sound decisions based on your specific situation