12837, Hampton, NY

The 12837 zip code of Hampton, NY has a median home value of $248,000. This is lower than the statewide median home value of $269,500. The 12837 zip code also has a lower percentage of homeownership than the statewide average (68%).

The main drivers of home equity in this zip code are age and race. Home equity decreases as people get older and minorities have less access to wealth accumulation opportunities. Additionally, Hampton is a more expensive area to live in than the statewide average. This means that there are more homes with higher values and fewer homes with lower values.

There has been an increase in home prices in the 12837 zip code over the past five years. In 2013, the median home value was $236,000; by 2016 it had increased to $248,000. Over this same time period, there was an 11% increase in population within this zip code; therefore it is likely that there was also an increase in demand for housing units and corresponding increases in home prices.