12785, Westbrookville, NY

The zip code of 12785 in Westbrookville, New York has a median home value of $137,000 and a median home equity value of $128,000. This is significantly higher than the statewide median home value of $117,500 and the nationwide median home equity value of $106,800. The zip code also has a significantly lower foreclosure rate than the statewide foreclosure rate of 2.5% and the nationwide foreclosure rate of 5%.

There are several factors that may contribute to this high level of home values in the 12785 zip code. First, Westbrookville 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 Syracuse and Rochester as well as excellent schools. Third, many homeowners have taken advantage of low interest rates over the past few years to refinance their homes or purchase new homes. Fourth, Westbrookville has experienced relatively low levels of unemployment over the past few years which may have helped to increase homeownership rates and drive up prices. Fifth, many homeowners have invested money into their homes through improvements such as new roofs or decks which may also have contributed to increased values.

Despite these positive factors, there are some areas where prices in the 12785 zip code may be less desirable relative to other areas within New York State or across the United States. For example, while Westbrookville is generally affluent and well-educated, it does not have as many job opportunities as some other parts of Upstate New York or elsewhere in America. Additionally, while prices in this area are relatively stable compared to other parts of America during boom times (like during the housing bubble years), they can be more volatile during bust periods (like right now).