06032, Farmington, CT

The 6032 zip code of Farmington, CT has a median home value of $236,000 and a median home equity value of $146,000. The city has a population of approximately 16,000 people and is located in the Hartford-West Hartford-East Hartford metropolitan area.

Farmington's economy is based on the health care industry and its proximity to Boston. The city's unemployment rate was 5.5% in May 2016, which is lower than the national average of 6.1%. In addition, Farmington has seen strong job growth over the past few years due to new businesses moving into the area and expansions by existing businesses. This job growth has led to increased demand for housing and property values in the city.

There are several factors that have contributed to Farmington's high home values and home equity levels. First, Farmington is an affluent suburb with a high level of education attainment (over 80% of residents have at least a bachelor's degree) and a low crime rate. Second, there is strong demand for housing in the city due to its growing economy and low unemployment rate. Third, Farmington's zoning laws allow for high-quality development that includes luxury homes and apartments as well as single family homes. Fourth, Farmington has experienced very little inflation over the past few years which has kept its prices stable relative to other cities across Connecticut. Fifth, Farmington's location near major transportation hubs makes it easy for people to get around town and access jobs in other parts of Connecticut as well as Boston