14477, Kent, NY

Home Equity in the 14477 Zip Code of Kent, NY

The home equity in the zip code of 14477 of Kent, NY is $269,000. This is a decrease from the previous year when it was $291,000. The median home value in this zip code is $239,900 which is lower than the state median home value of $289,900. The percentage of homes that are owner-occupied in this zip code is 68%. This compares to the state average of 66%. The percentage of homes that are rented is 32%. This compares to the state average of 27%.

There has been a decrease in home equity since 2007 when it was at its peak at $305,000. There have been several factors that have contributed to this decline including an increase in interest rates and decreases in housing prices. It seems likely that there will be more declines in home equity over time as interest rates continue to rise and housing prices continue to decline.

Home Prices in the 14477 Zip Code of Kent, NY

The home prices in the zip code of 14477 have decreased since 2007 when they were at their peak at $309,500. In 2016 they were at their lowest point at $227,500 which represents a decrease of 20% from their peak value. It seems likely that there will be more decreases over time as interest rates continue to rise and housing prices continue to decline