12585, Verbank, NY

Verbank, NY is located in the 12585 zip code. According to the 2010 census, Verbank has a population of 1,816. The median household income in Verbank is $101,000 and the median family income is $111,000. The 12585 zip code has a home equity value of $269,600 and a home price of $269,600.

There are several factors that contribute to the high home equity values in Verbank. First and foremost, Verbank is a desirable location with plenty of amenities and access to major highways. Additionally, Verbank has low crime rates and excellent schools. Finally, there is strong demand for housing in Verbank due to its favorable demographics.

Despite these positive factors, there are some challenges facing homeowners in Verbank. One issue is that interest rates have been relatively low for much of the past decade which has made it difficult for many people to afford a mortgage on a home worth more than their current income. Additionally, although prices have increased significantly over the past few years, they are still below their pre-recession levels which may make buying a home less attractive for some buyers.