10985, Thompson Ridge, NY

Thompson Ridge, NY is located in the 10985 zip code. According to the 2016 American Community Survey, the median household income in this zip code is $92,000. The median home value in this zip code is $269,000. The average home equity loan-to-value ratio for homes in this zip code is 97%.

The average home price appreciation rate for homes in the 10985 zip code from January 2000 to January 2016 was 16%. This means that over the course of 16 years, the average home price increased by 1%. However, during that same time period, there was a 9% increase nationwide. This indicates that while Thompson Ridge may experience some moderate price appreciation over time, it's not as high as other areas of the country.

When looking at specific neighborhoods within Thompson Ridge, it's evident that there are a variety of prices and home equity values. For example, neighborhoods like Cedar Glen and Timberline have lower home values and smaller mortgage amounts relative to other areas of town such as Summit View and Willow Creek Estates. Conversely, neighborhoods like Fox Hollow and Woodland Hills have higher home values and larger mortgage amounts relative to other areas of town such as Stonegate Estates and Brookside Manor.

Overall though, it appears that homeownership rates are high in Thompson Ridge compared to other areas of New York State. This likely reflects strong demand for housing within this community due to its excellent schools (including both public and private schools), low crime rates (by comparison), and relatively low cost of living (compared to surrounding areas). Additionally, many homeowners here have taken advantage of available incentives such as low interest rates or tax breaks offered by local governments or developers