12950, Lewis, NY

The 12950 zip code of Lewis, NY has a median home value of $159,900 and a median home equity value of $111,000. The 12950 zip code has a population of 2,819 people and is located in the Southern Tier region of New York.

The 12950 zip code has a high rate of home ownership compared to other regions in New York. In the 12950 zip code, 69% of households own their homes while only 27% are renters. This high rate of homeownership is likely due to the low cost of living in Lewis and the strong economy in the Southern Tier region. Additionally, many people in the 12950 zip code may have purchased their homes within the past few years as prices have increased rapidly over the past few years.

Despite having a high rate of homeownership, there is still evidence that prices are rising quickly in the 12950 zip code. Over the past five years, prices have increased by an average of 10%. This rapid increase in prices may be due to several factors including increasing demand for housing stock and limited supply caused by stricter zoning laws that limit development near major cities.