06239, Danielson, CT

The Danielson, CT 6239 zip code has a median home value of $191,200 and a median home equity of $141,000. This is lower than the Connecticut median home value of $269,900 and the national median home equity of $165,000. The Danielson 6239 zip code has seen a decline in both its median home value and its median home equity over the past five years. In 2013, the median home value was $206,500 and the median home equity was $153,000. Five years later in 2017, the median home value had decreased to $191,200 and the median home equity had decreased to $141,000.

One potential reason for this decline may be that there are more homes for sale in the Danielson 6239 zip code than there are buyers interested in purchasing them. Over the past five years there have been an average of 2.5 homes for sale per month while there have been an average of 1.9 homes sold per month during that time period. This could be contributing to the decrease in both Median Home Value and Median Home Equity values in this zip code over time.

Another potential reason for this decline may be that interest rates have increased over time which would make it more expensive for someone to purchase a house in Danielson 6239 zip code compared to other areas across Connecticut or across the United States as a whole. Interest rates increased from 3% to 4% between 2013 and 2017 which could account for some of these decreases in Median Home Value and Median Home Equity values during that time period