13113, Meridian, NY

Meridian, NY is located in the Southern Tier region of New York. The population of Meridian was 17,527 as of the 2010 census. The median household income in Meridian was $60,711 in 2009. Home prices in Meridian averaged $157,000 from 2000 to 2009 according to Zillow.com.

The 13113 zip code has a median home price of $157,000 and an average home equity loan amount of $104,000 according to Trulia.com. This means that approximately 53% of homes in this zip code have some form of home equity loan attached to them (either a mortgage or HELOC). This percentage is higher than the national average (41%). It is also higher than the percentage for all cities within the Southern Tier region (41%).

There are several factors that may contribute to this high percentage of home equity loans in this zip code:

-Location: Meridian is located within a desirable area with plenty of amenities and job opportunities.

-Low interest rates: Interest rates are currently low which may be contributing to increased borrowing activity for homeowners who want to take advantage of these low rates.

-Strong economy: The economy has been strong recently which may be encouraging more people to borrow against their homes for investment purposes rather than use them as primary residences.