13146, Savannah, NY

The 13146 zip code of Savannah, NY has a median home value of $151,000 and a median home equity value of $112,000. This is significantly lower than the statewide median home value of $269,500 and statewide median home equity value of $217,200. The 13146 zip code also has a significantly lower percentage of homes with a mortgage than the statewide percentage of homes with a mortgage at 57%. This indicates that more homes in the 13146 zip code are owned outright or are not subject to any type of mortgage.

There are several factors that may contribute to the lower home values in the 13146 zip code. One potential factor is that Savannah is located in one of the most economically depressed areas in New York State. Additionally, there may be fewer opportunities for homeownership in this area due to stricter lending criteria imposed by banks and other financial institutions. Lowered demand for housing may also contribute to the low home values in this area.