12754, Liberty, NY

The 12754 zip code of Liberty, NY has a median home value of $236,000. This is higher than the statewide median home value of $179,500 and the national median home value of $177,200. The 12754 zip code also has a high percentage of homeownership (79%), which is higher than the statewide homeownership rate of 67% and the national homeownership rate of 63%.

One reason that the 12754 zip code has a high percentage of homeownership is that Liberty is a relatively affluent town. The median household income in Liberty was $101,000 in 2016, which was higher than the statewide median household income ($77,500) and the national median household income ($53,657). Additionally, Liberty has a low unemployment rate (3%) and a high percentage of college graduates (36%). These factors contribute to an increased demand for homes in this area.

Another factor that contributes to the high home values in the 12754 zip code are the low rates of foreclosure activity in this area. In 2017, there were only four foreclosure filings in this zip code – compared to an average of 16 filings per zip code nationwide. This low foreclosure activity allows property owners to maintain their equity in their homes and allows buyers who are interested in purchasing these homes to have more certainty about their investment.