03287, Wilmot, NH

Wilmot, NH is located in the 3287 zip code. According to the 2010 census, the population of Wilmot was 1,827. The median household income in Wilmot was $86,821. Home equity and home prices in Wilmot are among the highest in New Hampshire.

The average home value in Wilmot is $269,000. The median home equity value is $187,500. The average home price has increased by 9% since 2009. Inflation has been a major factor contributing to this increase; however, there have also been significant increases in the market value of homes due to increased demand and limited supply.

Home prices are significantly higher than they were 10 years ago due to a combination of factors: an increasing demand for housing stock; limited supply; and low interest rates that have encouraged people to borrow money to purchase homes. There is also a significant amount of speculation occurring within the housing market- as evidenced by sharp increases and decreases in home values without any corresponding changes in household incomes or actual use of the properties (such as new construction). This speculation can lead to dramatic fluctuations in prices that are difficult for homeowners who may have taken out mortgages or other loans based on their expected future property values (see Case Study 1).

While it is important for homeownership opportunities and access to affordable housing, it can be difficult for people who live in areas with high home equity values to sell their homes because there are few buyers willing or able to pay such high prices (see Case Study 2). This can lead to long periods of stagnation or decline in property values- something that many homeowners may not be prepared for when they take out their mortgages or other loans (see Case Study 3).