12811, Bakers Mills, NY

Home Equity and Home Prices in the 12811 Zip Code of Bakers Mills, NY

In the 12811 zip code of Bakers Mills, NY, home equity and home prices are both relatively high. According to Zillow, the median home value in this zip code is $269,700. This is considerably higher than the statewide median home value of $157,600. Additionally, Zillow reports that the average monthly mortgage payment for homes in this zip code is $1,827. This is lower than the statewide average monthly mortgage payment of $2,112. These figures indicate that homeowners in this zip code are able to afford a relatively large downpayment on a home and still have enough left over each month to cover their mortgage payments.

It should be noted that while home values and mortgage payments are high in this zip code, they are not as high as they are in some other nearby zip codes. For example, according to Zillow's data, the median home value in the 12804 zip code of Rochester is $341,900 and the average monthly mortgage payment is $2,569. In contrast, Zillow reports that the median home value in the 13207 zip code of Webster is only $209,000 and the average monthly mortgage payment is only $1,749. These differences may be due to a number of factors including population density (more people live in more expensive ZIP codes), local economic conditions (some areas have seen better economic times than others over recent years), and location (zips closer to major cities tend to have higher prices). However it's worth noting that regardless of where you live within New York State - or indeed anywhere else - there will always be areas with higher-than-average prices and others with lower-than-average prices.