12147, Rensselaerville, NY

Home Equity and Home Prices in the 12147 Zip Code of Rensselaerville, NY

There is no doubt that home equity is one of the most important assets a person can own. It provides a cushion against unexpected financial challenges and allows homeowners to take advantage of rising home prices. In addition, home equity can be used to finance other investments, such as cars or education.

According to Zillow, the median home value in the 12147 zip code of Rensselaerville was $269,200 in May 2018. This represents a 3% increase from May 2017 and a 5% increase from May 2016. The average price per square foot was $158 in May 2018. This is below the statewide average but still represents an increase from May 2017 (when it was $154) and from May 2016 (when it was $151).

While there has been an overall uptick in home values over the past two years, there are still some neighborhoods within this zip code that are more affordable than others. For example, neighborhoods near I-87 or Route 9 tend to have higher prices than those located closer to downtown or other suburban areas.

Overall, it appears that homes within this zip code are becoming more expensive over time but there are still areas where buyers can find good deals on properties. If you’re looking for a place to live in Rensselaerville and want access to excellent schools and plenty of amenities, then you may want to consider looking into purchasing a property within this zip code.