12816, Cambridge, NY

Home Equity and Home Prices in the 12816 Zip Code of Cambridge, NY

The 12816 zip code of Cambridge, NY has a median home value of $247,200. This is higher than the statewide median home value of $175,700. The 12816 zip code also has a higher than average percentage of homes with equity (77%). This indicates that many homeowners in this zip code have a significant amount of equity in their homes.

Home prices in the 12816 zip code have increased significantly over the past few years. In January 2016, the median home price was $236,000. By January 2017, this had increased to $247,200. This represents an increase of 14%. Over the same period, the statewide median home price increased by 8%.

There are several factors that may be contributing to this increase in home prices in the 12816 zip code. One potential reason is that there is a high demand for housing in this area due to its proximity to both Boston and New York City. Additionally, recent renovations or additions to homes may also be contributing to increases in home values.