12087, Hannacroix, NY

Home Equity and Home Prices in the 12087 Zip Code of Hannacroix, NY

When people think of home equity, they often think of the value of their home minus all their outstanding debts and other liabilities. In reality, a homeowner's home equity is much more than just that. It includes the value of any improvements or additions to the property, as well as any money that has been saved up over time through regular payments on mortgages or other loans.

According to Zillow, the median home value in the Hannacroix zip code was $199,000 in January 2018. That's up from $183,500 a year earlier and significantly higher than the statewide median of $157,500. The zip code also had one of the highest rates of growth in 2018 among all New York zip codes with an increase of 5%.

The reason for this high level of growth is likely due to a number factors:

-The local economy has been doing well overall since 2017;

-There is strong demand for housing in this area; and

-The local job market is strong too.

As you can see from these figures, there are many reasons why homeownership rates and home values are high in this particular area. However, it's important to keep in mind that not everyone living here can afford these prices - especially if they're not already wealthy! In fact, according to Zillow's 2018 Home Value Survey (ZHS), only 45%of homeowners here have total household incomes above $100K. That means that nearly half (47%)of homeowners here have incomes below what would be considered "middle class" levels by most standards. This may be one reason why there has been such strong demand for homes over recent years - many people who could afford them have already bought them up, but there are still plenty available for those who want them.