06479, Plantsville, CT

The 6479 zip code of Plantsville, CT has a median home value of $191,000 and a median home equity value of $141,000. This is significantly lower than the Connecticut median home value of $269,500 and the national median home equity value of $181,600. The average mortgage in this zip code is currently at 4.5% interest rate which is much higher than the state average rate of 3.9%. There are also significantly more homes in foreclosure in this zip code than in any other zip code in Connecticut with over 20%.

Despite these high rates of foreclosure and low home values, there are still many homeowners who are able to afford their homes thanks to their equity. Over 60% of homeowners in this zip code have at least some equity in their homes which is considerably higher than the state average percentage of 50%. This suggests that homeownership rates are not as closely tied to house prices as many people may think and that there is still potential for growth in this area.

Overall, it seems that homeownership rates and home values are declining throughout much of Connecticut but that there remains potential for growth in the 6479 zip code if current trends continue.