12871, Schuylerville, NY

Home Equity and Home Prices in the 12871 Zip Code of Schuylerville, NY

The 12871 zip code of Schuylerville, NY has a median home value of $157,000. This is higher than the statewide median home value of $146,000. The zip code also has a lower than average percentage of homeowners with mortgages at 66%. This is lower than the statewide percentage of homeowners with mortgages at 71%. The zip code has a higher percentage of homeowners who have equity in their homes at 87%. This is higher than the statewide percentage of homeowners who have equity in their homes at 83%.

There are several factors that may contribute to these high home values and low mortgage rates in the 12871 zip code. First, Schuylerville is located in a desirable area with plenty of job opportunities. Second, there are relatively few foreclosures or short sales in this zip code which may be contributing to its high home values. Third, many residents may be able to afford larger homes due to strong incomes and positive equity levels in their homes. Finally, there are relatively few families who live here rent-free or pay very low rent prices which may also be contributing to high home values and low mortgage rates.