06029, Ellington, CT

The 6029 zip code of Ellington, CT has a median home value of $247,900 and a median home equity value of $101,700. The average home price in this zip code has increased by 9.7% since 2007. The average home equity value in this zip code has increased by 21.4% since 2007. This is an indication that the market in this area is doing well overall.

There are a number of factors that may have contributed to the increase in home values in the 6029 zip code over the past few years. These include an increase in demand for housing due to population growth and an increase in wages, as well as low interest rates which make it more affordable to borrow money to purchase a house than to rent one. Additionally, many homeowners who have owned their homes for many years may be able to sell them at a higher price than they paid for them, thanks to inflation and increased appreciation rates over time.

While there are some people who may bemoan the fact that prices have gone up so much in recent years, it is clear that the market here is strong and stable overall – which is good news for homeowners and potential buyers alike.