13353, Hoffmeister, NY

The Hoffmeister home equity and home prices are reflective of the overall market conditions in the 13353 zip code. The median home value in this zip code is $134,900, which is lower than the statewide median of $217,500. The average home value in this zip code has decreased by 5.5% since 2016. This decrease is likely due to a number of factors including low interest rates and increased competition from other areas within the state.

Despite these conditions, there are still a number of homeowners in the Hoffmeister area who are benefiting from strong home values and equity levels. For example, 68% of homeowners in this zip code have at least 50% equity in their homes, which is above the statewide average of 54%. Additionally, 46% of homeowners report that they have never had to use any form of financial assistance to maintain or improve their homes over the past five years. These statistics demonstrate that there are still opportunities for homeowners in this area to benefit from strong market conditions.