10503, Ardsley On Hudson, NY

The 10503 zip code of Ardsley On Hudson, NY has a median home value of $242,000 and a median home equity value of $158,000. The city has a population of just over 10,000 people and is located in Westchester County.

There are a number of factors that contribute to the high home values in the 10503 zip code of Ardsley On Hudson. First and foremost, the area is highly desirable due to its proximity to both Manhattan and Westchester County's many affluent suburbs. Additionally, the local schools are among the best in Westchester County, which also contributes to property values. Finally, there is strong demand for housing in this area due to its relatively low population density.

Despite these positive factors, there are some challenges facing homeowners in the 10503 zip code of Ardsley On Hudson. One issue is that interest rates have been relatively low for much of the past decade, which has made it difficult for many people to get mortgages or take out HELOCs (home equity lines of credit). In addition, there has been an increase in foreclosures recently due to weak economic conditions and an increasing number of people who have difficulty meeting their mortgage payments. This combination can lead to decreased home values and reduced equity in homes.