12047, Cohoes, NY

The 12047 zip code of Cohoes, NY has a median home value of $128,000 and a median home equity of $119,000. The 12047 zip code is located in Albany County and has a population of 10,853. The average household size in the 12047 zip code is 2.59 people.

The 12047 zip code has a lower than average percentage of homeownership at 57%. This may be due to the high cost of living in the area or because there are not enough homes for sale in the area. In addition, Cohoes is known for its high crime rate which may scare away potential homebuyers.

Despite these challenges, there are still many homeowners in the 12047 zip code who are benefiting from the strong housing market. Homeowners have seen their home equity grow by an average of 7% over the past five years. This growth has helped to improve homeowner's credit ratings and increase their chances of being able to borrow money for other investments or repairs on their homes.