12872, Severance, NY

The 12872 zip code of Severance, NY has a median home value of $123,000. This is lower than the statewide median home value of $177,500 and the national median home value of $217,500. The 12872 zip code also has a lower than average percentage of homes with mortgages at 66%. This is higher than the statewide percentage of homes with mortgages at 62% and the national percentage of homes with mortgages at 63%.

There are several factors that may contribute to the lower home values in the 12872 zip code. One reason may be that this area is not as affluent as other parts of New York State or the United States. Additionally, there may be a lack of available housing in this area which could lead to higher prices for existing homes. Finally, Severance may not have experienced as much growth over the past few years as other areas in New York State or the United States. As a result, there may be fewer opportunities for people to purchase or invest in homes in this area.