Yahoo Finance In Less Than a Decade, You Won’t Be Able To Afford Homes in These 25 New England ZIP Codes
New England is a collection of six states in the Northeast, including Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. With beautiful foliage and rich history, these states attract many retirees. Some of these states are already known for higher-than-average home prices, but in the next decade, many neighborhoods in these states will be out of range for the average American.
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To find out which ZIP codes will be out of reach for the average American to buy a home in less than a decade, GOBankingRates took the overall U.S. median home value and projected its growth and decline over 10 years using Zillow’s April 2024-2025 one-year forecast. This projection was then compared with the projections of the 261 ZIP codes in New England that currently have home prices below the national median, with those rising above the national average in the next 10 years being deemed “a place you can no longer afford.”
Read on to find out where prices are rising shockingly high.
04363 (Windsor, Maine)
April 2024 home value: $315,050
One-year growth projection: 2.7%
2034 projected home value: $411,230
Pictured: Kingfield, Maine
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06024 (Canaan, Connecticut)
April 2024 home value: $329,496
One-year growth projection: 2.3%
2034 projected home value: $413,624
Pictured: Hartford, Connecticut
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05252 (Sunderland, Vermont)
April 2024 home value: $332,901
One-year growth projection: 2.2%
2034 projected home value: $413,832
Pictured: Stowe, Vermont
04989 (Vassalboro, Maine)
April 2024 home value: $318,432
One-year growth projection: 2.7%
2034 projected home value: $415,644
Pictured: Augusta, Maine
03442 (Bennington, New Hampshire)
April 2024 home value: $350,293
One-year growth projection: 1.8%
2034 projected home value: $418,706
Pictured: Harrisville, New Hampshire
06782 (Plymouth, Connecticut)
April 2024 home value: $339,154
One-year growth projection: 2.2%
2034 projected home value: $421,605
Pictured: Manchester, Connecticut
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03598 (Whitefield, New Hampshire)
April 2024 home value: $321,760
One-year growth projection: 2.8%
2034 projected home value: $424,095
Pictured: Portsmouth, New Hampshire
04250 (Lisbon, Maine)
April 2024 home value: $315,625
One-year growth projection: 3.0%
2034 projected home value: $424,174
Pictured: Hope Island, Maine
04280 (Sabattus, Maine)
April 2024 home value: $326,053
One-year growth projection: 2.8%
2034 projected home value: $429,754
Pictured: Brunswick, Maine
03470 (Winchester, New Hampshire)
April 2024 home value: $301,878
One-year growth projection: 3.7%
2034 projected home value: $434,130
Pictured: Lake Winnipesaukee
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04352 (Mount Vernon, Maine)
April 2024 home value: $350,302
One-year growth projection: 2.2%
2034 projected home value: $435,464
Pictured: Scarborough, Maine
04963 (Oakland, Maine)
April 2024 home value: $329,310
One-year growth projection: 2.9%
2034 projected home value: $438,287
Pictured: Augusta, Maine
04236 (Greene, Maine)
April 2024 home value: $339,444
One-year growth projection: 2.7%
2034 projected home value: $443,070
Pictured: Portland, Maine
03448 (Gilsum, New Hampshire)
April 2024 home value: $309,755
One-year growth projection: 3.8%
2034 projected home value: $449,771
Pictured: Nashua, New Hampshire
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03456 (Marlow, New Hampshire)
April 2024 home value: $309,860
One-year growth projection: 3.9%
2034 projected home value: $454,278
Pictured: Claremont, New Hampshire
04358 (China Village, Maine)
April 2024 home value: $329,058
One-year growth projection: 3.3%
2034 projected home value: $455,277
Pictured: Portland, Maine
03431 (Keene, New Hampshire)
April 2024 home value: $326,787
One-year growth projection: 3.4%
2034 projected home value: $456,531
Pictured: Portsmouth, New Hampshire
03583 (Low and Burbank’s, New Hampshire)
April 2024 home value: $348,391
One-year growth projection: 3.0%
2034 projected home value: $468,208
Pictured: Rochester, New Hampshire
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03230 (Danbury, New Hampshire)
April 2024 home value: $350,736
One-year growth projection: 3.1%
2034 projected home value: $475,956
Pictured: Laconia, New Hampshire
04355 (Readfield, Maine)
April 2024 home value: $344,058
One-year growth projection: 3.3%
2034 projected home value: $476,030
Pictured: Presque Isle, Maine
03445 (Sullivan, New Hampshire)
April 2024 home value: $341,663
One-year growth projection: 3.4%
2034 projected home value: $477,313
Pictured: Nashua, New Hampshire
03602 (Alstead, New Hampshire)
April 2024 home value: $345,020
One-year growth projection: 3.5%
2034 projected home value: $486,684
Pictured: Peterborough, New Hampshire
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04364 (Winthrop, Maine)
April 2024 home value: $349,669
One-year growth projection: 3.4%
2034 projected home value: $488,497
Pictured: Waterville, Maine
03446 (Swanzey, New Hampshire)
April 2024 home value: $353,457
One-year growth projection: 3.3%
2034 projected home value: $489,035
Pictured: Somersworth, New Hampshire
03455 (Marlborough, New Hampshire)
April 2024 home value: $344,753
One-year growth projection: 3.9%
2034 projected home value: $505,432
Pictured: Lincoln, New Hampshire
Methodology: GOBankingRates took the overall U.S. median home value and projected its growth and decline over 10 years using Zillow’s April 2024-25 one-year forecast. This projection was then compared to the projections of the 261 ZIP codes in New England (CT, MA, ME, NH, RI and VT) that currently have home prices below the national median, with those rising above the national average in the next 10 years (plus its projected growth rate over the same period) being deemed “a place you could no longer afford.” For each New England ZIP code over the next decade, GOBankingRates found the following factors: (1) year the New England ZIP code will become a “place you could no longer afford”; (2) projected home value for that year; and (3) U.S. average projected home value for that year. NOTE: GOBankingRates does not expect growth in home value to stay stagnant at one current rate for the next decade, but using these constant figures gives us an idea where certain markets are heading without unforeseen market disruptors in the future. All data used to conduct this study was compiled and verified on May 29, 2024.
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This article originally appeared on GOBankingRates.com: In Less Than a Decade, You Won’t Be Able To Afford Homes in These 25 New England ZIP Codes
