10532, Hawthorne, NY

The 10532 zip code of Hawthorne, NY has a median home value of $269,000 and a median home equity value of $141,000. The 10532 zip code ranks #1 in the city for both home values. The average sale price for homes in the 10532 zip code was $269,000 in 2017. This is an increase from the 2016 average sale price of $257,500.

Hawthorne is a growing city with many new residents and businesses moving into the area. This has led to an increase in demand for housing and property values in the 10532 zip code. In addition, Hawthorne is located within close proximity to many popular tourist destinations, which also contributes to increased demand for housing and property values.

Homeowners in the 10532 zip code have benefited from these increased values by increasing their equity levels over time. Homeowners who have been living in their homes for 5 years or more have seen their equity levels grow by an average of 34%. This means that homeowners are able to borrow against their home equity more easily than if their home value were lower.

While homeowners in the 10532 zip code have seen significant increases in their equity levels over time, there are still some risks associated with owning a home here. For example, if interest rates rise significantly or if there is a market crash that decreases homeowner's equity levels significantly, they may be unable to repay their mortgage or face other financial difficulties.