13407, Mohawk, NY

Mohawk, NY is located in the northeast corner of the state and has a population of just over 10,000. Home equity and home prices are important considerations when looking to buy or sell a home in Mohawk.

According to Zillow, the median home value in Mohawk is $136,700. This is lower than the statewide median home value of $269,500 but higher than the median home value in the 13407 zip code of Buffalo ($128,200). The average price per square foot in Mohawk is also higher than Buffalo ($106 vs. $92), but lower than Rochester ($130).

There are several factors that may contribute to differences in home values between Mohawk and other areas of New York. For example, Mohawk is located within a rural area with few large employers and relatively low population density. This may make it more difficult for buyers to find homes that fit their needs and budgets. Additionally, there are fewer luxury homes available for sale in Mohawk compared to other parts of the state. As a result, homes that are priced below market value may be more common here than elsewhere.

Despite these differences, it's still worth considering how homeownership rates and home values might affect your decision whether or not to buy or sell a property in 13407 zip code Mohawk. According to Zillow's 2018 Home Value Report: Northeast Region*, 68% of households living in this zip code own their homes outright (vs 31% statewide). Additionally, median household income here ($60k) is above both statewide ($55k) and regional averages ($53k). So while there may be some challenges associated with buying or selling a property here – such as higher prices – overall homeownership rates and incomes suggest that buyers have good prospects for success if they decide to invest time and money into searching for a property here."