12222, Albany, NY

The 12222 zip code of Albany, NY has a median home value of $159,000 and a median home equity of $130,000. This is significantly higher than the statewide median home value of $146,500 and the national median home equity of $117,200. The 12222 zip code also has a significantly higher than average percentage of homeowners with a mortgage (68%) compared to the statewide average (55%) and the national average (63%). These high levels of homeownership are likely due to the strong economy and low unemployment rate in Albany.

Despite these high levels of homeownership, there is evidence that there may be some risk associated with buying or owning a home in the 12222 zip code. The percentage of homes in foreclosure in this zip code is above both the statewide average (2.5%) and the national average (1.9%). Additionally, while prices have increased over time in this zip code, they have not kept pace with inflation (+4% vs +8% nationally). This suggests that there may be some potential for price appreciation to slow down or even decline in future years.