12433, Glenford, NY

The 12433 zip code of Glenford, New York has a median home value of $128,000 and a median home equity value of $111,000. These values are significantly lower than the statewide median home value of $269,500 and statewide median home equity value of $236,100. The 12433 zip code is also one of the most affordable zip codes in New York with a median household income of just over $50,000.

There are several factors that may contribute to the low home values in the 12433 zip code. First, Glenford is located in one of the most economically depressed regions in New York State. Second, there is a significant shortage of available housing stock in the area which may lead to higher prices for homes that do become available. Finally, many homeowners in this area have taken out high-interest loans to purchase their homes which may have reduced their equity levels significantly.