13827, Owego, NY

The 13827 zip code of Owego, NY has a median home value of $119,000 and a median home equity value of $101,000. These values are lower than the statewide median home value of $177,500 and the national median home equity value of $142,200. The 13827 zip code also has a lower than average percentage of homeowners with mortgages at 66%. This percentage is higher than the statewide percentage of homeowners with mortgages at 62% but lower than the national percentage of homeowners with mortgages at 69%.

The 13827 zip code has a lower than average percentage of renters living in homes that are owned outright (68%) compared to the statewide percentage (74%) and the national percentage (76%). The 13827 zip code also has a higher than average percentage of renters living in homes that are owned with a mortgage (30%) compared to the statewide percentage (25%) and the national percentage (24%). These percentages indicate that more people in the 13827 zip code are likely to have some form of financial security when they move out or downsized.

Despite these disparities, there is still evidence that indicates that people in the 13827 zip code are struggling financially. For example, nearly one-third (32%)of households in this zipcode have zero or negative net worth. Additionally, nearly one-fourth (23%)of households in this zipcode have an annual income below 50%of Area Median Income. These statistics suggest that many people in this area may be struggling to maintain their standard of living even when their homes are worth less than what they were originally paid for them.