13750, Davenport, NY

The 13750 zip code of Davenport, New York is located in the southeastern corner of the state and includes a population of over 100,000. The median home value in this zip code is $174,900 and the median home equity value is $119,200. Home prices have increased significantly over the past five years, with an average annual increase of 6.5%. In addition to being one of the most expensive zip codes in New York State, Davenport also has some of the highest home equity values in the country.

One reason for this high level of home equity is that there are a large number of affluent residents in this zip code. The percentage of households earning over $200,000 annually is above average for all zip codes in New York State and nationally. Additionally, Davenport has a high concentration of professional and business workers which may contribute to its high levels of income.

Despite these factors, there are some challenges facing homeowners in Davenport. One issue is that interest rates have been low for a long time which has made it difficult for people to get loans for larger purchases such as homes or cars. Additionally, there has been an increase in foreclosures within this area which could lead to decreased demand and lower prices for homes. However, overall home prices appear to be stable or increasing slightly despite these challenges so long-term homeownership looks like it will remain a desirable option in this area