13842, South Kortright, NY

South Kortright, NY is located in the 13842 zip code. According to the 2010 census, the population of South Kortright was 2,811. The median household income in South Kortright was $87,836. Home equity and home prices in South Kortright are important factors to consider when evaluating a potential home purchase or investment.

According to Zillow, as of February 2016 the median home value in the 13842 zip code was $239,000. This is significantly higher than the national median home value of $177,500. In addition, Zillow reports that as of February 2016 the average monthly mortgage payment for homes in this zip code was $1,521. This indicates that homeownership rates in this area are high relative to other areas across the United States.

It is also important to consider home equity and home prices when evaluating a potential home purchase or investment because they can indicate whether a property is affordable for a particular buyer or if it offers good long-term returns on investment (ROI). For example, if you are considering purchasing a property that has a lower price but lower home equity than another property that has a higher price but higher home equity then it may be more difficult for you to afford the second property even if you have better credit ratings and qualify for a larger down payment. Conversely, if you are looking to purchase an expensive property with high home equity then it may be less risky for you financially since your mortgage payments will likely only cover about one-third of your monthly housing costs (assuming interest rates remain stable).