14169, Wales Center, NY

Home Equity and Home Prices in the 14169 Zip Code of Wales Center, NY

The zip code of 14169 in Wales Center, New York has a median home value of $151,000. This is higher than the state median home value of $140,000. The zip code also has a lower than average percentage of homeowners with mortgages at 66%. This indicates that more homes are owned outright or with a smaller mortgage.

The average sale price for homes in the zip code was $178,500 which is higher than the state average sale price of $165,000. The percentage of sales that were above asking price was also higher in this zip code at 10%.

There are several factors that may contribute to these high home values and high sale prices including:

-A low number of foreclosures (3%) relative to other areas within New York State

-A low percentage of households earning less than $40k per year (15%) compared to other areas within New York State

-A relatively high percentage (14%) of households with children under 18 years old living in the zip code which may indicate strong family ties and support networks within the community

-A relatively low unemployment rate (4%) compared to other areas within New York State