12165, Spencertown, NY

The 12165 zip code of Spencertown, NY has a population of just over 2,000 people. The median household income in this zip code is just over $60,000, which is significantly higher than the national median household income of $53,046. However, the home equity and home prices in this zip code are significantly lower than the national average. In fact, the median home value in this zip code is just over $130,000, which is only about 60% of the national median home value of $217,500. Additionally, the percentage of homes that are owner-occupied in this zip code is much lower than the national percentage of homes that are owner-occupied at 73%. This suggests that there may be a significant amount of housing stock available for purchase in this zipcode but that it may not be as affordable as it could be.

One potential explanation for why the home equity and home prices in this zip code are lower than average may be due to its proximity to New York City. As mentioned earlier, the median home value in this zipcode is only about 60% of the national median home value so it may not be as attractive an option for buyers who are looking for a more expensive property. Additionally, there may be a greater number of rental properties available in this area which would reduce demand for homeownership and drive down prices even further. Another possible explanation for why these values are low could be due to recent economic conditions which have caused many people to lose their jobs or reduce their spending on other things such as housing costs.