12063, East Schodack, NY

Home Equity and Home Prices in the 12063 Zip Code of East Schodack, NY

The home equity and home prices in the 12063 zip code of East Schodack, NY are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $119,500. In addition, the percentage of homes that are owner-occupied in this zip code is above the national average of 63%. This indicates that many people in this zip code are able to afford a home even if they do not have a high income.

One reason why the home values in this zip code are so high is because there are a lot of affluent residents living here. The percentage of households earning over $200,000 per year is above the national average of 23%. Additionally, there are a lot of jobs located in this area that pay well enough to support a higher-than-average house price. For example, there are several large corporations located in East Schodack including IBM and Kodak. These companies often offer good salaries and benefits which help to increase the overall income level in an area.

Despite these factors, some people may still be interested in buying or selling a home within the 12063 zip code because it has such high values. This is due to two reasons: first, many people who live here have been able to save up for a long time and therefore do not need to sell their house as quickly as someone who lives elsewhere might; second, there may be limited availability on certain properties within this zip code due to its high prices.