10514, Chappaqua, NY

The 10514 zip code of Chappaqua, NY is located in Westchester County and has a population of approximately 26,000. The median household income in the 10514 zip code is $191,400 and the median home value is $2.9 million. The average home equity loan-to-value (LTV) in the 10514 zip code is 97%.

The 10514 zip code has a low unemployment rate of 3.8% and a high percentage of homeownership (89%). This high homeownership rate likely contributes to the high home equity values in the 10514 zip code. In addition, many homes in the 10514 zip code are owned by wealthy individuals who can afford to pay higher prices for homes than those who are not as well off. As a result, there is often little competition for homes in the 10514 zip code which leads to higher home equity values.

Despite these factors, there have been some recent concerns about rising home prices and falling home equity values in the 10514 zip code. For example, according to Zillow’s Home Value Index report for Q4 2018, Chappaqua had one of the highest rates of year-over-year price appreciation (10%) among all ZIP codes nationwide. However, this trend may be changing as Zillow’s latest report shows that Chappaqua’s rate of price appreciation has slowed down over the past three months (Q1 2019 – Q3 2019). Additionally, according to Trulia’s January 2019 report on ZIP codes with declining home values*, Chappaqua had one of the highest rates of decline (-7%) among all ZIP codes nationwide*. These reports suggest that there may be some risk associated with buying or owning a home in the10514 zip code at this time. However, it is important to note that these reports are only based on data from public sources and it is possible that there are other factors at play that have not been considered yet. So while it may be wise to exercise caution when purchasing or owning a home in this area right now, it does not appear that there is any imminent danger posed by housing prices orhome equity values within this particular ZIP Code