06461, Milford, CT

The 6461 zip code of Milford, CT has a median home value of $183,000 and a median home equity value of $141,000. This is higher than the Connecticut median home value of $146,500 and the national median home equity value of $142,600. The 6461 zip code also has a lower than average percentage of homeowners with negative equity (less than 20% of homes have less than 20% equity) at only 5%. This indicates that most homeowners in this zip code are able to maintain or increase their home equity over time.

The average sales price for homes in the 6461 zip code was $236,500 in 2017 which is higher than the Connecticut average sales price of $223,700 and the national average sales price of $225,200. The percentage of homes sold for over asking was also high in this zip code at 27%. This indicates that there is strong demand for homes in this area and that buyers are willing to pay more for properties here.

Overall, it appears that homeownership rates are high in the 6461 zip code and there is strong demand for properties here. Home values have also increased significantly over time which suggests that buyers are finding great deals on properties here.