06451, Meriden, CT

Home Equity and Home Prices in the 6451 Zip Code of Meriden, CT

The home equity and home prices in the 6451 zip code of Meriden, CT are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $100,000. Additionally, the percentage of homes in this zip code that are worth more than their original purchase price is also high at 83%. This indicates that there are a lot of homes in this zip code that have increased in value over time.

One reason for this high level of home equity and home prices may be due to the fact that Meriden is a relatively affluent city. The median household income in this zip code is $101,000, which is above the national median household income of $53,046. Additionally, the percentage of households with children under 18 years old who are living below poverty level is also low at only 10%. This indicates that there are a lot of people who can afford to buy or build a house in this area.

Another factor that may contribute to the high level of home equity and home prices in the 6451 zip code of Meriden, CT is the availability of quality housing stock. There are a lot of single-family homes available for sale here, which means that buyers have plenty of options when it comes to finding a property they want to buy. Additionally, most homes here were built between 1990 and 2000 so they are likely well-maintained and updated.