October's First-Time Homebuyer Report for 02642 Zip Code

The population of the 02642 zip code ranks as the seventh-youngest in Massachusetts with a median age of 57 years. It is also considered much less affluent than average with a median income of $51,931 per household. The 02642 zip code market almost exclusively consists of detached houses, accounting for 94% of the current homes in the area. The best school in the zip code is Nauset Regional High School.

Price Range

The median value of homes in the 02642 zip code is $363,000, making it one of the most valuable areas in Massachusetts. At the same time, the average list price of available homes is presently $460,969. In this week's report, the number of homes sold in the 02642 zip code market slid to seven over the past 30 days, a decrease of 22.2% from last week's report, but still above the monthly average.

Wonder which homes are generating the most buzz? Here are the most viewed listings in the 02642 zip code:

$439K   $419K   $389K  

Typical Dwelling

A three-bedroom detached home valued around $469,224 is considered a typical dwelling in the 02642 zip code. If a buyer was looking for a similar home, they would need good credit and a $93,845 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,847 and the property tax rate is $9.92 per $1,000 of taxable assessed value.

Get started right now by checking out 02642 homes for sale or reviewing 02642 real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Keller Williams Realty
Keller Williams Realty
Snapped 1 home in this area
oldCape|Sotheby's International Realty
Snapped 120 homes in this area

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