12874, Silver Bay, NY

The 12874 zip code of Silver Bay, NY is located on the north shore of Lake Ontario. The area has a population of about 2,000 people and is home to a number of small businesses and seasonal residents. Home prices in the zip code have increased significantly in recent years, reaching an all-time high in 2016.

The main drivers of home equity and home prices in the 12874 zip code are strong economic conditions and limited supply. Economic conditions have been good overall since the recession ended in 2009, with unemployment rates remaining low and wages increasing steadily. This has led to an increase in demand for housing, which has driven up home prices across the country. In addition, there is a limited number of homes available for sale in the 12874 zip code, which has helped to drive up prices even further.

Despite these positive factors, there are some risks associated with buying or owning a home in the 12874 zip code. One risk is that interest rates could rise over time, making it more difficult for homeowners to repay their loans. Another risk is that the market could crash – although this seems unlikely at this point, it’s always possible that something could happen that would cause prices to decline rapidly. Overall though, homeownership appears to be a good investment option in the 12874 zip code – provided you are prepared for potential risks associated with owning a home