10522, Dobbs Ferry, NY

Home Equity and Home Prices in the 10522 Zip Code of Dobbs Ferry, NY

The 10522 zip code of Dobbs Ferry, NY has a median home value of $309,000. This is higher than the statewide median home value of $197,500. The 10522 zip code also has a lower than average percentage of homeowners with mortgages at 66%. This is lower than the statewide percentage of homeowners with mortgages at 74%. The 10522 zip code has a higher percentage of homeowners who have equity in their homes at 84%. This is higher than the statewide percentage of homeowners who have equity in their homes at 77%.

There are several factors that could contribute to these high home values and high percentages of equity in homes in the 10522 zip code. These include low rates for interest rates, strong demand for housing due to an aging population and low unemployment rates. Additionally, many people who live in the 10522 zip code are wealthy enough that they are not required to use a mortgage to purchase their home.