05457, Franklin, VT

The 5457 zip code of Franklin, VT has a median home value of $213,000 and a median home equity of $101,000. The 5457 zip code is one of the most expensive zip codes in Vermont with a median home value above the statewide median home value. The 5457 zip code also has a high concentration of homes with equity above the statewide average. This indicates that there are many homeowners in the 5457 zip code who are able to use their home equity to finance other investments or pay down debt.

The high concentration of homes with equity may be due to several factors. First, Franklin is an affluent town and may have more wealthy residents who can use their home equity as collateral for loans. Second, many homeowners in the 5457 zip code may have taken advantage of low interest rates over the past few years and increased their equity holdings. Finally, some homeowners may have purchased their homes at or near peak prices and are now able to sell them for more than they paid. Regardless of the reasons, having a high concentration of homes with equity is likely beneficial for homeowners in the 5457 zip code.