12924, Keeseville, NY

There is no one answer to the question of whether home equity or home prices are more important to a person's financial well-being. Some people may place a higher importance on having a large sum of money saved up in their home equity, while others may place more importance on being able to buy a house that they can afford.

According to Zillow, the median home value in the 12924 zip code is $146,000. This means that there are approximately half a dozen homes in this zip code with values above $200,000 and roughly thirty homes with values below $100,000. The average price per square foot for homes in this zip code is $92 which means that it is not particularly expensive or cheap to live in this area.

Interestingly, although the 12924 zip code has a median home value of $146,000, only about one third of all homes here have values above that amount. This suggests that although many people in this area have high levels of equity in their homes, there are also many homeowners who do not have as much equity and are at risk if the market takes a downturn.

On the other hand, although only about one third of all homes in the 12924 zip code have values above $200,000, almost two thirds of all households here own their homes outright without any mortgage debt. This suggests that despite some volatility associated with housing markets over time, most homeowners here feel fairly confident about their ability to maintain their property even if conditions change significantly for the worse.