14136, Silver Creek, NY

The 14136 zip code of Silver Creek, NY is located in the town of Silver Creek and has a population of approximately 2,000. The median household income in this zip code is $72,000 and the median home value is $224,500. Home equity in this zip code has increased by 20% over the past year and home prices are projected to increase by an additional 10% over the next year.

One factor contributing to the increase in home equity in this zip code is that there are a number of new homes being built in this area. In addition, many homeowners have been able to refinance their mortgages and obtain lower interest rates which has helped to increase their home equity. Another factor contributing to the increase in home values is that there are a number of families who have been able to purchase their homes for below market prices. This indicates that there is strong demand for housing in this area and that buyers are willing to pay more for properties that they believe will appreciate in value over time.

There are a number of reasons why home prices may continue to rise in the 14136 zip code over the next year. First, there is strong demand for housing within this area which indicates that there are many people who want to live here. Second, interest rates remain low which makes it easier for homeowners to borrow money and finance their purchases. Third, new homes continue to be built which increases available supply and drives up prices. Fourth, many homeowners have been able to refinance their mortgages which allows them access to greater amounts of money than they would have had if they had taken out traditional loans. Fifth, families who were able to purchase their homes at or below market prices may be motivated sellers who are now looking for higher offers on properties they own. All these factors together indicate that home values will continue increasing rapidly in the 14136 zip code over the next year