12175, Summit, NY

The 12175 zip code of Summit, NY is located in the Hudson Valley region of New York State. The zip code has a population of approximately 11,000 and has a median household income of $85,000. The home equity and home prices in the zip code are both relatively high when compared to other areas of the state.

The average home value in the zip code is $247,500, which is significantly higher than the statewide average of $183,600. The median home value in the zip code is also higher than the statewide median of $146,100. This indicates that there are a greater number of homes that are worth more than $146,100 within the 12175 zip code. Additionally, there are a greater number of homes that have equity values above 100% of their original purchase price. This indicates that homeowners in this area have been able to maintain or increase their home values over time.

One factor that may contribute to these high home values and equity values is the low unemployment rate within the zip code. The unemployment rate for Summit County as a whole is 3%, which is lower than both New York State (4%) and national (5%) averages. Additionally, there are many businesses located within walking distance of homes in this area which may contribute to increased demand for housing units and increased prices for homes.