06424, East Hampton, CT

The 6424 zip code of East Hampton, CT has a median home value of $1,269,000 and a median home equity value of $291,000. This is higher than the Connecticut median home value of $177,500 and the national median home equity value of $213,200. The zip code also has a high concentration of luxury homes with a median home value over $2 million.

East Hampton is an affluent town on Long Island that has seen steady growth in its population and economy over the past several decades. The town's top industries include tourism, real estate development, and financial services. As a result, the demand for housing in East Hampton has been high and prices have risen accordingly.

There are many factors contributing to the high prices in East Hampton: its desirable location on Long Island; its strong economy; and the limited supply of housing available in the area. In addition to these factors, there is also speculation in the housing market due to increasing interest rates and concerns about global economic conditions. As long as these factors continue to drive up prices in East Hampton, homeownership will remain out of reach for many people who want to live there.