13148, Seneca Falls, NY

The 13148 zip code of Seneca Falls, NY is located in the Finger Lakes region of upstate New York. The median home value in this zip code is $157,000 and the median home equity value is $102,000. This means that there are a lot of homes in this zip code that are worth a lot more than what people owe on their mortgages. In fact, according to Zillow’s Home Value Index, approximately one-third (32%) of homes in this zip code are worth more than their mortgage balances.

This high level of home equity stability is likely due to the fact that the median household income in this zip code is $72,500. This means that most people here can afford to pay off their mortgages relatively quickly if they want to. Additionally, there are very few vacant homes in this zip code – only 2 out of every 1,000 homes are vacant – which suggests that people here are very committed to keeping their homes and aren’t afraid to invest money into them over time.

Overall, it seems like homeownership rates and home equity values in the 13148 zip code of Seneca Falls are both pretty high relative to other areas of upstate New York. This may be because the area has a lot of affluent residents who can afford to buy or build expensive homes, or it may be because there aren’t a lot of other options for people who want to live close to work and have access to good schools and public transportation.