ZIP Code 02559 Housing Market

📝 Local Market Notes

ZIP code 02559, located in Barnstable County, Massachusetts, exhibits a volatile price trajectory that diverges sharply from broader regional trends. The Home Price Index (HPI) for this area surged from 253.18 in 2021 to a peak of 398.95 in 2024, representing a significant appreciation phase. However, the most recent data indicates a sharp correction, with the HPI declining to 345.83 in 2025. This reversal results in a year-over-year change of -13.31%, marking a substantial retreat from the previous year’s highs and indicating a cooling market specific to this sub-region. This performance stands in stark contrast to the surrounding macroeconomic environment. While the state of Massachusetts recorded a positive YoY growth of +3.63% and Barnstable County advanced by +1.80%, ZIP 02559 contracted significantly. This divergence suggests that the local market experienced an inflated peak that has since corrected, whereas the broader county and state markets have maintained stability or modest growth. Nearby ZIP codes, such as 02655 with a YoY change of -8.22%, show some similar softening, but 02559’s decline is more pronounced, highlighting distinct local dynamics rather than a uniform county-wide trend. The sub-market character of 02559 is defined by high-value assets within a coastal context. With a parent county median home value of $629,000 and an owner occupancy rate of 81.1%, the area leans toward established homeownership rather than high-density rental housing. The HPI level of 345.8, which is 245.8% above the 2000 baseline, reflects a premium market segment. For prospective buyers, the current environment presents a potential entry point following the 2024 peak, as prices have adjusted downward. However, the high median household income of $95,241 supports continued demand for quality housing. Residents and investors should note that while the national 30-year mortgage rate remains elevated at 7.40%, the local price correction may improve affordability metrics compared to the recent historic highs.

Based on FHFA House Price Index data.