11973, Upton, NY

Home Equity and Home Prices in the 11973 Zip Code of Upton, NY

The 11973 zip code of Upton, NY has a median home value of $236,000. This is significantly higher than the national median home value of $177,500. The zip code also has a high percentage of homes with home equity values above 100%. This indicates that many homeowners in this area are very confident in their ability to sell their homes for a significant amount of money.

One reason why home values are so high in the 11973 zip code is that there is a large number of affluent residents living here. Many people who live in this area work in professions that pay well and have good benefits, such as doctors, lawyers, and financial professionals. As a result, they are able to save a large portion of their income each year. When they decide to buy a house, they are likely able to find one that is already worth more than they paid for it.

Another factor contributing to the high home values in the 11973 zip code is the low number of available properties. There are only about 2200 homes for sale in this area compared to about 11000 homes nationwide. This means that there is an abundance of houses available for purchase by wealthy individuals and families. It also means that buyers will need to be prepared to spend a lot of money on top-of-the-line properties if they want one within reach.