10705, Yonkers, NY

Home Equity and Home Prices in the 10705 Zip Code of Yonkers, NY

The home equity and home prices in the 10705 zip code of Yonkers, NY are very high. The median home value in this zip code is $527,000, which is more than triple the national median home value of $177,500. Additionally, the percentage of homes that are worth more than their original purchase price is also very high in this zip code. For example, over 50% of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of just over 30%.

One reason for this high level of home equity and home prices in the 10705 zip code of Yonkers, NY may be due to its excellent schools. The percentage of adults who have a college degree or higher is above the national average and there are many well-paying jobs available here. Additionally, there is a lot of demand for housing here because it is a highly desirable location. This combination likely contributes to the high level of home equity and home prices in this area.