10901, Suffern, NY

The 10901 zip code of Suffern, NY has a median home value of $269,000 and a median home equity value of $153,000. The 10901 zip code ranks #2 in the Rockland County area for both home values. The 10901 zip code is also ranked #1 in the New York State area for both home values.

There are a number of factors that contribute to the high home values in the 10901 zip code of Suffern, NY. First and foremost, this area is located in one of the most desirable parts of New York State and has access to excellent schools and transportation options. Additionally, there is strong demand for housing in this area due to its proximity to major metropolitan areas such as New York City and Albany. Finally, there is a strong economy in place that has led to increased job opportunities and increased income levels throughout the region.

Despite these positive factors, there are some challenges facing homeowners in the 10901 zip code of Suffern, NY. One issue is that prices have been increasing at a much faster rate than inflation over recent years which can make it difficult for homeowners to maintain their current level of wealth over time. Another challenge is that interest rates have been relatively low recently which makes it more difficult for homeowners to pay off their mortgages quickly enough. However, overall it appears that homeownership rates are still high relative to other areas across the country so there should not be too much concern about long-term trends within this particular community