06516, West Haven, CT

West Haven, CT is located in Fairfield County and has a population of approximately 50,000. The median household income in West Haven is $87,000 and the median home value is $269,000. The 6516 zip code has a home equity rate of 10.4% and a home price index of 9.1%.

There are currently 5,814 homes for sale in the 6516 zip code. The average list price for homes in this zip code is $269,715 which indicates that the market is relatively healthy. However, there are only 2,924 active listings which indicates that there may be some room for growth in this area. Additionally, the percentage of sales made at or above asking price (97%) indicates that buyers are finding good deals in this area.

When looking at home equity rates it is important to consider both the monthly payment as well as the total amount borrowed over time. In West Haven, CT the average mortgage payment per month is $1,527 which means that borrowers can afford to pay off their mortgage within 15 years if they make a fixed monthly payment. Additionally, when considering how much borrowers can borrow over time it should be noted that West Haven residents can borrow up to 97% of their home's value which gives them plenty of flexibility when buying or selling a property.