12549, Montgomery, NY

Home Equity and Home Prices in the 12549 Zip Code of Montgomery, NY

The 12549 zip code of Montgomery, NY has a median home value of $191,000. This is higher than the statewide median home value of $146,500. The zip code also has a lower than average percentage of homeowners with mortgages at 68%. This is lower than the statewide percentage of homeowners with mortgages at 73%. The zip code also has a higher percentage of homeowners who have equity in their homes at 86%. This is higher than the statewide percentage of homeowners who have equity in their homes at 80%.

There are several factors that may contribute to these high home values and low mortgage rates in the 12549 zip code. First, Montgomery is located in one of New York's wealthier counties. Second, there are many affluent families living in this zip code. Third, there is a high demand for housing in this area due to its proximity to both Manhattan and Albany. Finally, Montgomery's economy continues to grow strongly and unemployment rates are low. These factors all contribute to increased home values and decreased borrowing costs for potential home buyers.