10803, Pelham, NY

The 10803 zip code of Pelham, NY has a median home value of $239,900 and a median home equity value of $123,700. This is higher than the statewide median home value of $177,400 and the national median home equity value of $142,600. The 10803 zip code also has a lower than average rate of homeownership at 63%.

There are several factors that may contribute to the high values in the 10803 zip code. First, Pelham is located in Westchester County which has one of the highest rates of homeownership in New York State. Second, Pelham is an affluent suburb with a high level of education and income levels. Third, there is strong demand for housing in Pelham due to its proximity to major cities like New York City and Yonkers. Finally, there are relatively few homes for sale in the 10803 zip code which may lead to higher prices.