13021, Auburn, NY

The 13021 zip code of Auburn, NY has a population of approximately 22,000 people. The median household income in this zip code is $106,000 and the median home value is $269,000. Home equity in this zip code is currently at an all-time high with home prices reaching an all-time high.

Auburn's economy is fueled by its strong agricultural sector and its location near several major transportation hubs. The city's largest employer is General Electric (GE), which has a plant located just outside the city limits. Other major employers in the area include IBM and Siemens. Auburn also has a growing technology sector, with companies such as Intel and AMD having operations in the city.

Home equity in the 13021 zip code of Auburn has been on an upward trajectory for many years now. In 2007, home values in this area were only about half of their current levels; however, since then prices have more than doubled. This trend appears to be continuing; according to Zillow data from January 2019, home values are up 9% year-over-year and are now at their highest point ever recorded in this zip code.

One reason for this increase in home values may be due to increased demand from buyers who want to purchase homes before prices continue to rise even further. Another factor that may be contributing to these high levels of home equity is low interest rates – which have made it easier for people to borrow money against their homes' value (rather than paying off debt).

It's important to note that while home equity is currently at an all-time high in the 13021 zip code of Auburn, there are still some risks associated with owning a house: if interest rates go up or if the market crashes, homeowners could find themselves facing significant financial challenges. It's also important to keep in mind that while prices have increased significantly over the past few years, they may not continue doing so indefinitely – so it's important not to rely too heavily onhome equity as a source of long-term financial security