06040, Manchester, CT

The 6040 zip code of Manchester, CT has a median home value of $269,000 and a median home equity of $141,000. This is a relatively high home value for the zip code and indicates that there are many homes in this area that are worth more than the average home in this area. Additionally, the median home equity in this zip code is higher than the national median home equity of $142,500. This indicates that there are more homes in this area that are worth more than what is typical for homes in this area.

Additionally, the average monthly mortgage payment for homes in the 6040 zip code is $1,521 which is lower than the national average monthly mortgage payment of $1,729. This indicates that many homeowners in this area can afford to pay their mortgages on a monthly basis. Additionally, homeownership rates in Manchester are above the national average ownership rate of 63%. This indicates that there are many homeowners in this area who own their homes outright or have mortgages that do not require them to make any payments other than principal and interest.