06615, Stratford, CT

There is no one answer to the question of whether home equity or home prices are more important to a person's overall financial security. Some people may place a higher value on having a large sum of money saved up in their home equity, while others may prioritize buying a house that is affordable and in a desirable location.

In Stratford, CT, the average home price was $269,000 as of September 2017. This represents an increase of 6.5% from the previous year and indicates that Stratford is among the most expensive areas in Connecticut for buyers seeking to purchase a home. In addition, Stratford has seen an increase in its population over the past few years, which has likely contributed to rising prices.

On the other hand, homeownership rates have remained relatively stable over the past few years in Stratford at around 63%. This suggests that there are still plenty of homes available for sale within this zip code and that buyers are not being forced into purchasing homes beyond their budget constraints. Additionally, many people may choose to own their homes rather than rent them out due to increased appreciation rates over time (although this does not always happen).

Overall, it seems that both home equity and home prices are important factors when it comes to securing financial stability for homeownership or purchasing a house within Stratford. While there is definitely room for growth in terms of prices within this area, it appears that homeownership rates remain high which should help keep demand high for properties on the market.