13367, Lowville, NY

The 13367 zip code of Lowville, NY has a median home value of $101,000. The home equity in this zip code is $27,000. This means that the average homeowner in this zip code has over $50,000 in equity in their home.

Lowville is a small town located in the Southern Tier region of New York. It has a population of just over 2,500 people and is situated just north of Ithaca. Lowville was first settled by Dutch colonists in the early 18th century and remained largely agricultural until the late 19th century when it began to experience rapid growth as a result of its proximity to Ithaca and Cornell University. Today, Lowville is an economically diverse community with a strong manufacturing sector.

According to Zillow’s recent report on Home Values & Equity In America’s ZIP Codes, there are several factors that contribute to high home equity levels in certain areas: low interest rates (due to historically low inflation), strong job market conditions, ample available credit (due to stricter lending standards), and healthy housing stock (due to limited supply). While these factors are certainly important considerations for homeownership across the country, they are particularly relevant in rural areas like Lowville where there is less competition for homes and more opportunity for long-term investment.

Homeownership rates have been on the decline nationwide for several years now due primarily to rising costs associated with owning a home (e.g., property taxes, maintenance costs) as well as increasing concerns about financial stability and potential risks associated with investing in residential real estate assets (e.g., foreclosure rates). However, even if ownership rates continue to decline nationally over time – which seems unlikely at this point – it is likely that high levels of equity will remain prevalent throughout many rural communities due to unique economic dynamics like low interest rates and healthy housing stock values.