12832, Granville, NY

The 12832 zip code of Granville, NY has a median home value of $137,000 and a median home equity value of $101,000. The zip code has a population of 2,853 people and an average household size of 2.5 people. The 12832 zip code is in the Rochester metropolitan area.

There are a number of factors that can affect home prices in any given area, including the availability of housing stock, interest rates, and local economic conditions. In general, areas with more jobs and higher incomes tend to have higher home values than areas with fewer jobs and lower incomes.

In the 12832 zip code, the average monthly mortgage payment is $1,521 which means that homeownership rates are above the national average (66%). Additionally, Granville has seen strong growth over the past few years which may be contributing to increased home values. Over the past three years (2012-2015), Granville's population has grown by 5%, while its housing units have increased by 4%. This growth likely accounts for some portion of Granville's high home values relative to other areas in New York State.

Despite these positive trends, there are still some risks associated with buying or owning a home in Granville. For example, if interest rates rise significantly from their current levels or if there is another recessionary period like we experienced in 2008-2009, then homeownership rates could decline andhome values could decrease accordingly. Additionally,, although Granville is growing rapidly it is not yet experiencing widespread urbanization which can lead to increased competition for homes among buyers who want to live close to amenities such as schools and shopping centers.