13662, Massena, NY

The 13662 zip code of Massena, NY has a median home value of $130,000. This is lower than the statewide median home value of $177,500. The 13662 zip code also has a lower than average home equity ratio of 36%. This means that the homes in this zip code are valued less for their equity than homes in other parts of the state.

This may be due to a number of factors. One reason could be that there are fewer expensive homes available in this area, which could lead to more competition for buyers and drive up prices. Additionally, many homeowners in this zip code may have taken out mortgages with low interest rates that have since increased, making their homes more affordable but also reducing their equity.

Despite these factors, there are still some homeowners in the 13662 zip code who are doing well financially. Those who own their homes outright or who have low mortgage balances may be doing well overall despite having lower home values and smaller equity portfolios. Conversely, those who own their homes through a mortgage may be feeling more pressure as interest rates continue to rise and their debt levels increase.