06374, Plainfield, CT

The 6374 zip code of Plainfield, CT has a median home value of $236,000 and a median home equity value of $128,000. This is significantly higher than the national median home value of $181,500 and the national median home equity value of $130,000. The 6374 zip code also has a significantly higher percentage of homes with a mortgage than the national average (69%) and a significantly lower percentage of homes with no mortgage (27%).

One reason for this high level of home equity in the 6374 zip code is that Plainfield is an affluent suburb located in central Connecticut. The area has a high rate of educational attainment and employment opportunities, which have led to an influx of families who are able to afford to purchase homes. Additionally, many homeowners in the 6374 zip code have taken advantage of low interest rates over the past few years to refinance their mortgages and increase their home equity values.