06320, New London, CT

The 6320 zip code of New London, CT has a median home value of $199,900 and a median home equity value of $146,000. This is a relatively high home value for the zip code, and indicates that there are many homes in this area that are worth a significant amount. Additionally, the median home equity value is higher than the national average of $130,000. This suggests that there are many homeowners in this area who are very comfortable with their current financial situation and have plenty of money saved up to buy or improve their homes.

One reason why the home values in this zip code are high is likely because there is a large concentration of affluent households in the area. According to data from Zillow, approximately 60% of households in this zip code earn over $100,000 per year. This high level of income earners likely means that there is an abundance of potential buyers who are willing to pay top dollar for properties in this area. In addition, New London is located near several major cities – Hartford and Bridgeport – which likely contributes to its high level of population and economic activity. All these factors together likely contribute to the high levels of home values found in this zip code.