05489, Underhill, VT

The Underhill zip code 5489 has a median home value of $153,900 and a median home equity of $111,100. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home value growth in this zip code over the past five years has been 6%. This is much higher than the national average growth rate of 3%.

One reason for this high home value growth may be the low unemployment rate in Underhill. The unemployment rate in this zip code is only 2%, which is much lower than the national average unemployment rate of 7%. Additionally, there are a number of businesses located in Underhill that may be contributing to the high demand for housing. For example, Underhill is home to several technology companies, which may lead to increased demand for residential property.

Despite these positive factors, there are some risks associated with buying a home in Underhill. For example, if interest rates increase or if the market crashes, homes in Underhill could become less valuable. Additionally, because many homes in this zip code are worth more than their original purchase price, borrowers may have difficulty refinancing their mortgages if they need to move or if their income decreases over time.