13904, Binghamton, NY

Home Equity and Home Prices in the 13904 Zip Code of Binghamton, NY

The 13904 zip code of Binghamton, NY has a median home value of $128,000. This is significantly lower than the statewide median home value of $269,500. The 13904 zip code also has a low rate of home equity ownership at just 26%. This is significantly lower than the statewide rate of 44%. There are several factors that may contribute to this disparity including higher rates of unemployment and poverty in this zip code.

Despite these disparities, there are some homeowners in the 13904 zip code who are doing well financially. The average home equity loan amount in this area is $40,000 which is much lower than the statewide average loan amount of $161,500. Additionally, nearly half (46%) of all homeowners in this zip code have paid off their mortgage within five years. These figures demonstrate that homeownership opportunities and financial stability remain available in this area despite economic challenges.