03245, Holderness, NH

The 3245 zip code of Holderness, NH is located in the southeastern corner of New Hampshire. The area has a population of just over 10,000 and an average household income of just over $75,000. Home prices in the 3245 zip code have been increasing steadily for the past several years, reaching a record high in 2016. At present, home prices are well above their pre-recession levels and appear to be continuing to rise.

One reason for the recent increase in home prices in the 3245 zip code is that there is a large supply of homes available for sale compared to demand. This situation is due in part to restrictions on new construction imposed by local zoning ordinances and regulations as well as restrictions on home sales imposed by state law. As a result, there are many homes that have been sitting vacant for months or even years because they can't be sold due to these restrictions. In addition, many homeowners who do want to sell their homes are waiting for prices to reach a level at which they feel comfortable selling.

Another factor contributing to the increase in home prices in the 3245 zip code is low interest rates. Since 2007, interest rates have been near historic lows and this has made it more affordable for people to borrow money to buy a home. Low interest rates also make it more attractive for investors who want to buy homes as investments rather than using them as residences.

Despite these factors contributing towards increased home values, there are still some risks associated with buying a home in the 3245 zip code. First and foremost among these risks is that if you don't have enough money down payment on your house or if you get into financial trouble while owning your house, you may be unable to keep it or sell it at a price that you're happy with. Another risk is that if housing values decline significantly from their current levels, you could lose all or part of your investment when you try to sell your house.