13802, Maine, NY

The 13802 zip code of Maine, NY is located in the northeast corner of the state and includes all of Hancock County, as well as parts of Franklin and Washington counties. According to the 2010 census, the population of this zip code was 10,848. Home prices in this zip code have increased significantly over the past few years, with median home values increasing by more than 50% between 2009 and 2013.

One reason for this increase in home prices is that this area has seen strong growth in both population and jobs over the past few years. The 13802 zip code has seen an increase in both residential and commercial development over the past few years, which has led to an increase in demand for housing. Additionally, many people who live in this area are able to afford high-priced homes because they have access to a large amount of equity - or leftover money from when they bought their homes - which they can use to finance additional purchases or repairs.

Despite these positive factors, there are some risks associated with high home prices in this area. For example, if there is a downturn in the economy or if interest rates rise again (as they have done recently), then people who own homes here may find it difficult to sell their properties at a fair price. Additionally, although many people who live in this area are able to afford expensive homes thanks to their equity holdings, there is a risk that some people may not be able to keep up with rising property values if inflation continues to rise rapidly.