06513, New Haven, CT

The 6513 zip code of New Haven, CT has a median home value of $247,200 and a median home equity value of $146,000. These values are significantly higher than the national median home value of $183,700 and the national median home equity value of $142,600. The high home values in the 6513 zip code are likely due to the presence of many affluent families and college students in this area.

Despite the high home values, there is evidence that homeownership rates in the 6513 zip code are declining. In 2000, homeownership rate was 67%. By 2010, it had fallen to 54%. This decline may be due to increased housing costs or decreasing affordability for potential homeowners. It is also possible that some homeowners have decided to sell their homes because they believe that prices will continue to rise in the future.

Despite the declining homeownership rate, there is still strong demand for homes in the 6513 zip code. In 2017, there were 2,564 active listings compared to 2,848 listings in 2000. This indicates that there is still strong demand for homes in this area despite increasing prices.