12209, Albany, NY

The 12209 zip code of Albany, NY has a median home value of $137,500 and a median home equity value of $101,000. These values are above the statewide median home value of $119,600 and the national median home equity value of $106,200. The 12209 zip code is also above the Albany-Schenectady-Troy metro area median home value of $128,100.

There are a number of factors that may contribute to the high values in the 12209 zip code. First, Albany is a wealthy city with a high concentration of educated and affluent residents. Second, homes in this zip code are generally well maintained and have good access to public transportation and amenities. Finally, there is strong demand for housing in this area due to its excellent schools and job opportunities.

Despite these positive factors, there are some indications that prices may be beginning to decline in the 12209 zip code. For example, sales volumes have been decreasing recently relative to previous years and prices have not yet responded fully to market conditions. Additionally, there has been an increase in foreclosures in this area over the past few years which could lead to lower values down the road. However, overall it appears that prices remain relatively high compared to other areas of New York State and nationwide