06614, Stratford, CT

The 6614 zip code of Stratford, CT has a median home value of $214,000 and a median home equity of $128,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, Stratford's home prices have been increasing at a rate faster than the national average over the past five years. This indicates that there is strong demand for properties in this zip code and that homeowners are able to generate significant returns on their investments.

One reason why Stratford's home prices are so high is because the area is highly desirable. The city has a rich history and is located within close proximity to major metropolitan areas such as New York City and Hartford. Furthermore, Stratford has many amenities that make it an attractive place to live, including excellent schools and plenty of shopping and dining options. As a result, many people who are looking for property in Stratford are able to find what they're looking for and pay a high price for it.

However, not all homeowners in the 6614 zip code have been able to benefit from stratospheric home prices over the past few years. Many people who bought homes in this area during the boom years have seen their values decline significantly since then due to market conditions overall or specific factors within their neighborhoods (e.g., an increase in foreclosures). As a result, some homeowners now find themselves underwater on their mortgages - meaning that they owe more on their homes than they're worth - which can be very difficult to overcome without significant financial assistance from family or friends.