12053, Delanson, NY

The 12053 zip code of Delanson, NY has a median home value of $248,000. This is a decrease from the median home value of $269,000 in 2016. The decrease in home values can be attributed to the current market conditions and the lack of available inventory.

Despite the decrease in home values, homeownership rates are still high in this zip code with over 82% of households owning their homes. This is due to the low interest rates and strong economy that has supported homeownership for many years.

The average monthly mortgage payment for a house in this zip code is $1,527 which is lower than the national average mortgage payment of $1,729. This indicates that many homeowners are able to afford their homes without having to take on large amounts of debt.

Home equity is also important for many people in this area. Over 60% of households have at least some equity in their homes which gives them some financial stability during tough times. Homeowners who have equity can use it to pay off debts or invest it into other assets such as stocks or bonds.