05748, Hancock, VT

Home equity is the value of a home minus any outstanding mortgages or other liens on the property. Home prices are the price at which a particular home is currently being sold or offered for sale.

According to Zillow, as of September 2017, Hancock's median home value was $269,000. This means that there is a wide range of home values in this zip code - from $0 to over $500,000. The majority of homes in Hancock are valued between $250,000 and $300,000. However, there are also a few homes that are worth over $500,000.

The average mortgage debt for households in Hancock was approximately $191,200 as of September 2017. This means that most households in this zip code have some level of debt - whether it be a mortgage or other loan - related to their homes. In fact, almost half (46%) of all households in Hancock have at least one outstanding loan related to their home!

Interestingly enough, despite having such high levels of debt relative to their home values, homeownership rates in Hancock remain relatively high - at around 78%. This suggests that many people in this zip code are comfortable with their current level of indebtedness and believe that owning a home is still a good investment option.