06515, New Haven, CT

The 6515 zip code of New Haven, CT has a median home value of $236,000. This is higher than the median home value of $209,500 for the state of Connecticut and higher than the national median home value of $177,500. The majority (68%) of homes in the 6515 zip code are owned by individuals while 32% are owned by couples. Home ownership in this zip code is relatively high compared to other zip codes in Connecticut and nationally.

Home equity is an important factor when considering purchasing a home. Home equity is the difference between what a homeowner owes on their property and what that property is worth. In general, homeowners with more equity are more likely to be able to sell their homes quickly and for a higher price than homeowners who have less equity.

In recent years, there has been an increase in home values in the 6515 zip code of New Haven. This may be due to several factors including: low interest rates, increasing demand for housing stock due to population growth, and limited supply of available housing stock relative to population growth. Over time, if interest rates rise or if there are any other factors that lead to decreased demand for housing stock within the 6515 zip code or across greater Hartford County as a whole, then it would likely lead to decreases in home values within this area as well.