06798, Woodbury, CT

The Woodbury zip code 6798 has a population of approximately 27,000 and is located in Fairfield County. The median household income in the zip code is $106,000 and the median home value is $269,500. Over the past five years, home values have increased by an average of 10%. In addition, the percentage of homeowners in the zip code has increased from 67% to 73%.

One reason for this increase in home values may be that Woodbury is a desirable location. The city has a population of over 25,000 and is located within close proximity to New York City and Hartford. Additionally, Woodbury has excellent schools and infrastructure.

Another factor that may contribute to the increase in home values in Woodbury is low interest rates. Since 2007, interest rates have been at historic lows which makes it more affordable for people to borrow money to purchase a home. Low interest rates also make it more attractive for people to invest money into homes rather than saving it up for retirement or other long-term goals.

Despite these positive factors, there are some challenges facing homeowners in Woodbury. One issue is that there are not enough available homes for sale compared to demand. This can lead to bidding wars and high prices for homes on the market. Another challenge facing homeowners in Woodbury is that there are a limited number of housing developments available which can make it difficult for people who want to buy a house but don't have much money down payment or who want more than one house on their property (due to zoning restrictions).