06259, Pomfret Center, CT

The Pomfret Center zip code 6259 has a population of approximately 5,000 people. The median household income in this zip code is $101,000, and the median home value is $272,500. Home equity in this zip code is high compared to other areas of Connecticut. In fact, the average home equity in the state of Connecticut is only $154,700. This means that homeowners in the Pomfret Center zip code have a significant amount of equity in their homes.

There are several reasons why homeowners in the Pomfret Center zip code have such a high level of home equity. First, there are a lot of affluent residents living in this area. Second, there are a lot of well-maintained homes in this area. Finally, there is a low level of foreclosure activity in this area which means that homeowners here are less likely to lose their homes to foreclosure than homeowners elsewhere in Connecticut.

Despite these positive factors, there are some risks associated with having high levels of home equity. For example, if interest rates rise significantly or if the market for housing crashes completely, homeowners could find themselves struggling to pay off their mortgages or lose all their money invested in their homes. It's important for homeowners to be aware of these risks and make sure that they have adequate insurance coverage to protect them from potential financial setbacks.