06042, Manchester, CT

Manchester, CT has a population of over 100,000 and is located in Fairfield County. The 6042 zip code has a median home value of $269,500 and a median household income of $87,500. Over 60% of homes in the 6042 zip code are owner-occupied. The average commute time to work is 27 minutes.

The Manchester market has seen strong growth over the past few years as more and more people are looking for affordable housing options in the Greater Hartford area. In fact, according to Zillow’s recent report on Connecticut real estate trends, Manchester ranked as one of the top 10 fastest-growing cities in Connecticut from July 2016 to July 2017. This growth can be attributed to a number of factors including an increase in jobs and population density near major transportation hubs like I-84 and I-91.

One important factor that contributes to home values in Manchester is the availability of mortgage financing. According to Mortgage News Daily’s 2018 State Of The Market Report, lenders are increasingly willing to approve mortgages for buyers who have good credit scores and low debt-to-income ratios (DTI). This makes it easier for buyers who may not be able to afford a larger down payment or who want to buy a home closer to their work or school districts. Additionally, many lenders now offer “jumbo” mortgages – which are larger than traditional mortgages – that can help buyers purchase bigger homes without having to take on too much extra debt.

Despite these positive trends, there are still some risks associated with buying a home in Manchester. For example, although prices have been rising steadily over the past few years, they could still fall if there is an economic downturn or if interest rates rise again later this year or next year. Additionally, although most homes in Manchester are owner-occupied rather than rented (which tends to increase stability and decrease turnover), there is always the potential for someone else who wants your house – or worse yet – your rent money – so it’s important not only find the right property but also make sure you have solid security measures put into place (like locking your doors at all times).