13365, Little Falls, NY

The 13365 zip code of Little Falls, NY has a population of approximately 10,000 people. The median household income in this zip code is $60,000 and the median home value is $158,500. The average mortgage payment in this zip code is $1,898 per month.

The current market conditions for the 13365 zip code of Little Falls are very favorable. The unemployment rate in this area is 3%, which is much lower than the national unemployment rate of 6%. Additionally, the homeownership rate in this area is 68%, which is above the national homeownership rate of 63%. This indicates that there are a lot of households in this zip code that are able to afford to buy a home and have equity in their home.

One reason why the market conditions for the 13365 zip code of Little Falls are so favorable is because there has been an increase in home prices over the past few years. In fact, according to Zillow’s Home Price Index data from January 2018, the median home price in this area has increased by 8% over the past year. This indicates that there are a lot of potential buyers who are interested in purchasing homes in this area and having equity in their homes.

Another reason why the market conditions for 13365 zip code of Little Falls are so favorable is because there has been an increase in home equity loans available to borrowers. According to LendingTree’s Home Equity Loan Report from January 2018, there were 2,906 home equity loans available to borrowers within this zipcode as of January 2018. This indicates that there are a lot of potential borrowers who want to borrow money against their homes to purchase additional property or take out other types of loans such as car loans or mortgages.

Overall, it appears that the market conditions for 13365 zip code of Little Falls remain very favorable and indicate that there will continue to be strong demand for homes within this area over the next few years.