06255, North Grosvenordale, CT

Home Equity and Home Prices in the 6255 Zip Code of North Grosvenordale, CT

There is no doubt that home equity is one of the most important assets a person can have. Not only does it provide a cushion against unexpected financial setbacks, but it also provides an important measure of financial security. In fact, according to TheStreet.com, "home equity is now more important than ever as a key source of retirement savings."

According to Zillow.com, the median home value in the 6255 zip code of North Grosvenordale, CT was $191,200 as of September 2017. This represents a 7% increase from the median home value in 2016 and a 10% increase from the median home value in 2015. These figures suggest that there are plenty of opportunities for homeowners in this area to gain valuable equity over time.

Of course, not everyone will be able to achieve such impressive gains over time. There are a number of factors that can affect home values – including local market conditions, interest rates and inflation – so it's always important to consult with an experienced real estate agent if you're interested in buying or selling a property in this area.