05653, Eden Mills, VT

The 5653 zip code of Eden Mills, VT has a median home value of $269,000 and a median home equity value of $141,000. This is higher than the Vermont median home value of $162,500 and the national median home equity value of $142,700. The 5653 zip code also has a lower than average homeownership rate at just 54%. This is lower than the Vermont homeownership rate of 57% and the national homeownership rate of 63%.

One reason that the 5653 zip code has a higher than average home equity value is that it has a high percentage of owner-occupied homes. In fact, almost two-thirds (64%) of homes in this zip code are owner-occupied. This compares to the Vermont homeownership rate of 57% and the national homeownership rate of 63%. Another reason for this high home equity value is that there are relatively few mortgages in this zip code. Only 8%of homes in this zip code have mortgages compared to the statewide average mortgage percentage of 14%. This low mortgage percentage likely contributes to the high home equity values in this zip code.

Despite having a high home equity value, there are still many people who are struggling to afford their homes in Eden Mills. The 5653 zip code has a poverty rate of 26%, which is higher than both the statewide poverty rate (21%) and the national poverty rate (15%). Additionally, nearly one-third (32%)of households in this zipcode earn less than $30,000 per year, which is significantly higher than both the statewide poverty level (20%) and national poverty level (15%). These statistics show that even with high home equity values, many people in Eden Mills still struggle financially.