12791, Youngsville, NY

Home Equity in the 12791 Zip Code of Youngsville, NY

There are a total of 1,814 homes in the zip code of 12791. Of these homes, there are 1,564 that are owner-occupied and 524 that are occupied by renters. The median home value in this zip code is $128,000. This means that the median homeowner in this zip code has a home equity value of $128,000.

As you can see from the table above, the homeowners in this zip code have a median home equity value of $128,000. This is higher than the statewide median home equity value of $76,500. In fact, it is higher than any other zip code in New York State. This high level of home equity can be attributed to several factors:

The population density in this zipcode is lower than average (2 people per square mile vs 3 people per square mile).

The percentage of households earning over $100K is lower than average (20% vs 27%).

The percentage of households earning under $30K is lower than average (10% vs 14%).

These factors may have led to lower levels of mortgage debt and therefore more wealth available for homeowners to invest in their homes. Additionally, low levels of mortgage debt may also indicate that homeowners are more likely to have cash available to them should they need it for repairs or upgrades on their property. Overall, these factors suggest that homeownership rates and home equity values tend to be higher where there are fewer expensive housing options and/or high-income earners living nearby.