13603, Watertown, NY

The 13603 zip code of Watertown, NY has a population of approximately 21,000 and a median household income of $101,000. The home equity in this zip code is $269,000 and the home prices are $319,500. This means that the average homeowner in this zip code has over 2 times the amount of equity in their home as the average renter. Additionally, the homeownership rate in this zip code is 73%, which is above the national homeownership rate of 68%.

There are several factors that contribute to the high home equity and home prices in this zip code. First, Watertown is a highly desirable location with plenty of job opportunities and amenities. Second, there is a low level of foreclosure activity in this area which keeps prices high. Third, there are relatively few vacant homes available for sale which also contributes to high prices. Finally, many homeowners have taken advantage of low interest rates over the past few years to increase their equity levels even more.