13740, Bovina Center, NY

The 13740 zip code of Bovina Center, NY has a median home value of $128,000. The home equity in this zip code is $41,000. This means that the typical homeowner in this zip code has over $60,000 in equity in their home. In addition, the average price of a home in this zip code has increased by 5% since 2013. This indicates that there is strong demand for homes in this area and that homeowners are able to generate significant profits from their homes.

The main drivers of home equity growth in the 13740 zip code are likely attributable to rising incomes and low interest rates. Over the past few years, both incomes and interest rates have been increasing which has led to an increase in home values. Additionally, there is a limited supply of homes available for purchase which has driven up prices even more. As long as these factors continue to prevail, homeowners should be able to continue generating healthy profits from their homes.