12307, Schenectady, NY

The 12307 zip code of Schenectady, NY has a median home value of $128,000 and a median home equity value of $101,000. This is higher than the statewide median home value of $117,500 and the national median home equity value of $106,100. The 12307 zip code also has a lower than average percentage of homeowners with negative equity (less than 20% of homes have less than 20% equity) at just 7%. This is lower than the statewide percentage of homeowners with negative equity (10%) and the national percentage (13%).

There are several factors that may contribute to the high home values in the 12307 zip code. First, this area has a high concentration of college-educated adults which may lead to increased demand for housing. Second, there is a strong economy in Schenectady which may lead to increased demand for housing as well as higher salaries for workers. Third, there is limited available land in this area which may lead to increased demand for housing as well as higher prices. Finally, this area has low crime rates which may lead to increased demand for housing by families who want safe neighborhoods to live in.