12842, Indian Lake, NY

Home equity is the difference between what a home is worth and what a homeowner owes on that home. In Indian Lake, NY, the average home equity was $128,422 as of September 2017. This means that homeowners in Indian Lake had more than enough money to cover any outstanding debts on their homes. Additionally, the average home price in Indian Lake was $269,000 as of September 2017. This means that homeowners in Indian Lake have seen their homes increase in value over time.

While there are some risks associated with having high levels of home equity, such as potential problems if interest rates rise or if the market for homes in Indian Lake declines, overall homeowners in this area are doing well financially. This is likely due to the strong economy and low interest rates currently experienced by many parts of the country.