06758, Lakeside, CT

The 6758 zip code of Lakeside, CT has a median home value of $269,900 and a median home equity value of $142,000. This means that the majority of homes in this zip code are worth more than their original purchase price, but there are also a significant number of homes that are worth less than their original purchase price.

Based on these figures, it is clear that the majority of homeowners in the 6758 zip code are doing well financially. However, there is also a sizable minority of homeowners who are struggling to maintain their home equity values. This indicates that there is considerable opportunity for homeowners in the 6758 zip code to improve their financial situation by making smart decisions about how they use their home equity.

One important way that homeowners can improve their financial situation is by using their home equity to pay down debt. For example, if someone owes $100,000 on a mortgage but has a total worth of $270,000 in assets (including their home equity), they would be able to reduce their monthly payments by around $1,200 if they used all of their available home equity to pay down the debt.

Another important way for homeowners to improve their financial situation is by investing in property appreciation stocks or bonds. Over time, these investments will increase in value as the market continues to rise and provide an overall return on investment (ROI). This can help boost homeowner's wealth over time and make them more comfortable with maintaining low-to-moderate levels of debt and having modest levels of savings.