11714, Bethpage, NY

Home equity is a key component of homeownership in the United States. Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. In Bethpage, NY, home equity values have increased significantly over the past several years. In 2017, the median home equity value in Bethpage was $225,000. This represents an increase of more than 50% from 2013 when the median home equity value was $145,000.

The reasons for this increase are unclear, but may be related to rising prices across all markets in New York State and nationwide. Additionally, low interest rates may have encouraged some homeowners to take advantage of their homes' values by refinancing or borrowing against them. Whatever the reason, it appears that home equity values in Bethpage are continuing to rise and could reach even higher levels in future years.