11968, Southampton, NY

The 11968 zip code of Southampton, NY has a median home value of $224,000 and a median home equity value of $146,000. The 11968 zip code is located in the southeastern part of the state and has a population of approximately 8,500. The 11968 zip code has a high percentage of homeowners (77%) and a low percentage of renters (23%).

There are several factors that contribute to the high home values in the 11968 zip code. First, Southampton is an affluent community with a high median income. Second, there is a strong demand for housing in the 11968 zip code due to its proximity to major cities such as New York City and Boston. Third, there is limited available land in the area which contributes to increased prices for homes. Finally, Southampton is an established community with many long-time residents who are likely to invest in their homes over time.

Despite these positive factors, there are some challenges facing homeowners in the 11968 zip code. One issue is that interest rates have been relatively low recently which makes it more difficult for homeowners to pay off their mortgages over time. Additionally, there has been an increase in foreclosures within the 11968 zip code over recent years which could lead to decreased home values if these properties become available for sale again soon. Despite these challenges, overall homeownership rates remain high which suggests that most people who live in this area are able to maintain their homes over time despite market fluctuations.