12765, Neversink, NY

The 12765 zip code of Neversink, NY has a median home value of $172,000 and a median home equity value of $139,000. These values are significantly lower than the statewide median home value of $269,500 and statewide median home equity value of $236,100. The 12765 zip code also has a lower than average homeownership rate of 66.4%, which is significantly lower than the statewide homeownership rate of 73.5%.

There are several factors that may contribute to the low home values in the 12765 zip code. One potential reason is that this area is located in an economically depressed region of New York State. Another potential factor is that there are a large number of vacant or abandoned homes in this area, which could lead to decreased demand for housing and consequently decreased prices. Finally, there may be limited opportunities for people who live in the 12765 zip code to gain access to affordable financing options, which could further reduce their ability to purchase or invest in homes.