06793, Washington, CT

The 6793 zip code of Washington, CT has a population of about 21,000 and a median household income of $75,000. The home equity and home prices in this zip code are both very high. In 2016, the median home value in this zip code was $247,500. This is more than twice the median household income in this zip code. The home equity in this zip code is also very high. In 2016, the median home equity in this zip code was $187,500. This means that almost half of all households in this zip code have more than $187,500 worth of assets tied up in their homes.

One reason why the home equity and home prices in the 6793 zip code are so high is that there are a lot of wealthy people living in this area. The percentage of households with incomes over $200,000 is higher here than anywhere else in Connecticut. Additionally, there are a lot of affluent people who own vacation homes or second homes here. So when they decide to sell their homes, they often have a lot of money to put down on new ones.

Another reason why the home equity and home prices are so high in the 6793 zip code is that there are a lot of expensive houses available for sale here. There are many luxury homes available for sale here, and even some modest-priced houses can cost quite a bit more than average incomes would allow someone to buy them outright. So when wealthy people want to buy a house here, they often have to go out looking for one that fits their budget rather than just picking one up off the market without considering how much it might cost them down the road.