11962, Sagaponack, NY

The 11962 zip code of Sagaponack, NY has a median home value of $2,895,000 and a median home equity value of $1,310,000. The zip code has a population of approximately 2,500.

There is a significant concentration of wealth in the 11962 zip code. The top 5% of households have an average home equity value of $3.5 million while the bottom 95% have an average home equity value of only $140,000. This concentration of wealth is likely due to the high level of home values and the low level of unemployment in this area.

The average monthly mortgage payment for homes in the 11962 zip code is $4,711 which is higher than the national average but lower than the New York City metro area average. This may be due to the lower levels of unemployment and housing prices in this area compared to other parts of New York City or because there are more affordable options available here than in other parts of New York City.