12503, Ancramdale, NY

The 12503 zip code of Ancramdale, NY has a median home value of $269,900 and a median home equity value of $137,000. This is higher than the statewide median home value of $177,500 and the national median home equity value of $142,700. The 12503 zip code also has a lower than average homeownership rate of 63%.

There are several factors that may contribute to the high values in the 12503 zip code. First, this area is located in one of the most affluent counties in New York State. Second, there is a high demand for housing in this area due to its proximity to major cities like Albany and Syracuse. Finally, there are relatively few homes for sale in this zip code which may lead to higher prices.

While the high values in the 12503 zip code are beneficial for homeownership rates and overall market stability, they can also be challenging for people who are looking to buy or sell a home. It can be difficult to find qualified buyers or sellers when there are so few homes available for sale. Additionally, if you are looking to purchase a home in this area you will likely need significant down payment resources since most homes here cost more than average.