12304, Schenectady, NY

The 12304 zip code of Schenectady, NY has a median home value of $128,000. This is higher than the statewide median home value of $119,500 and the national median home value of $177,200. The 12304 zip code also has a high percentage of homes with a mortgage (68%) and a low percentage of homes without a mortgage (32%).

There are many factors that contribute to the high home values in the 12304 zip code. One reason is that Schenectady is an affluent area with a high concentration of jobs in technology and other professional fields. Another reason is that there are relatively few homes for sale in this zip code, which means that there is strong demand for housing. Finally, Schenectady residents have been able to borrow money against their homes at low interest rates over the past few years, which has helped to increase their home values.