06403, Beacon Falls, CT

The Beacon Falls zip code 6403 is located in the northwest corner of the town of Beacon Falls, Connecticut. The zip code has a population of approximately 9,000 people and an area of approximately 2.5 square miles. Home prices in the 6403 zip code have increased significantly over the past few years, reaching a median price of $269,900 in April 2017.

The main drivers of home equity and home prices in the 6403 zip code are strong economic growth and low interest rates. Economic growth has been strong throughout much of Connecticut and nationally, resulting in increased demand for housing and increasing values for homes across the state. In addition, low interest rates have helped to increase home values by making borrowing more affordable.

Despite these positive factors, there are some risks that could affect home values in the 6403 zip code over time. These include potential market saturation or over-building, which could lead to decreased demand for housing; increases in taxes or fees that may impact homeowners’ ability to sell their homes; or natural disasters that damage or destroy homes or neighborhoods.