13108, Marcellus, NY

The 13108 zip code of Marcellus, NY has a median home value of $135,000 and a median home equity value of $101,000. The average home size in this zip code is 2 bedrooms and 1 bathroom. This zip code has a population of 3,821 people and a median age of 41 years old.

There are many factors that contribute to the high home values in this zip code. First and foremost, the area is located in one of the most affluent counties in New York State. Additionally, there is a high demand for housing due to the large number of jobs located in the area. Finally, Marcellus is an established community with plenty of amenities available nearby.

Despite these positive factors, there are some challenges facing homeowners in this zip code. One issue is that prices have been increasing faster than inflation over the past few years, which makes it difficult for families to save money for a down payment on a new house. Additionally, interest rates have been relatively low recently which makes it more expensive to borrow money against your home equity than it was several years ago.