12955, Lyon Mountain, NY

Home Equity and Home Prices in the 12955 Zip Code of Lyon Mountain, NY

The 12955 zip code of Lyon Mountain, NY has a median home value of $143,000. This is higher than the statewide median home value of $117,500. The 12955 zip code also has a higher than average percentage of homes with equity (56%). This indicates that homeowners in this zip code are more likely to have more equity in their homes than homeowners statewide.

There are several factors that may contribute to the high home equity and home prices in the 12955 zip code of Lyon Mountain. First, this area is affluent and has a high concentration of wealthy residents. These residents may be able to afford larger mortgages and thus have more equity in their homes. Second, there is a low vacancy rate in this zip code which may lead to increased demand for housing units and thus higher prices for properties. Finally, this area has seen strong growth over the past few years which may have led to an increase in house values.