06460, Milford, CT

The 6460 zip code of Milford, CT is located in southeastern Connecticut and has a population of around 33,000. Home values in the 6460 zip code have increased by an average of 10% over the past five years, making it one of the most desirable areas to live in Connecticut. The median home value in the 6460 zip code is $269,000 and there are currently around 1,500 homes for sale.

One reason why home values have increased so much in the 6460 zip code is that there are a lot of new homes being built here. In addition, many people who live here are able to afford to buy homes because they have good incomes and good credit ratings. Another factor that has contributed to the increase in home values is that there is a low supply of homes available for sale. This means that buyers can usually find what they want when they want it, which helps to drive up prices.

There are some risks associated with buying a home in the 6460 zip code, though. One risk is that interest rates could rise over time and make it more difficult for people to afford their mortgages. Another risk is that prices could fall if there are any major problems with the economy or if there are any natural disasters affecting this area. However, overall homeownership rates in this area are high so most people who buy homes here do not experience any major problems with their mortgages or property values.