11963, Sag Harbor, NY

The 11963 zip code of Sag Harbor, NY has a median home value of $2.5 million and a median home equity value of $1.7 million. This is a significant difference from the rest of the country where the median home value is only $177,500 and the median home equity value is only $128,000. The high values in Sag Harbor are likely due to its location on Long Island Sound which attracts wealthy people and businesses. Additionally, Sag Harbor has a high concentration of luxury homes which also contributes to its high home values.

Despite the high values in this zip code, there are still many homeowners who are able to get mortgages that will allow them to purchase their homes. This indicates that there is strong demand for housing in this area and that prices will continue to rise over time. It is important for homeowners in this zip code to stay up-to-date on market trends so they can make informed decisions about whether or not to sell their homes or keep them as investments.