05482, Shelburne, VT

The 5482 zip code of Shelburne, VT has a median home value of $224,200 and a median home equity value of $134,700. This is significantly higher than the Vermont statewide median home value of $146,600 and the national median home value of $181,800. The 5482 zip code also has a significantly higher than average percentage of homes with mortgages at 81%. This indicates that homeowners in this zip code are more likely to have access to capital to finance their homes.

One factor that may contribute to the high home values in the 5482 zip code is its proximity to major metropolitan areas such as Boston and Montreal. These cities are known for having high demand for housing and consequently high prices. Additionally, the area has a strong economy with many jobs in health care, technology, and other sectors that tend to be well-paid. As a result, many homeowners here have been able to leverage their home equity into additional assets or retirement savings.