14526, Penfield, NY

Penfield, NY is located in Monroe County and has a population of approximately 27,000. The 14526 zip code covers an area of just over 10 square miles and has a median home value of $191,500. Penfield's home equity is significantly higher than the statewide median home value of $146,200. This disparity can be attributed to several factors including Penfield's proximity to Rochester and its strong economy.

The average monthly mortgage payment for a house in the 14526 zip code is $1,072 which is lower than the statewide median mortgage payment of $1,231. This indicates that homeowners in the 14526 zip code are able to afford larger mortgages than homeowners statewide. Additionally, Penfield's low unemployment rate (3%) and high household income (median income over $90k) contribute to its high home equity values.

Despite Penfield's strong economy and high home equity values, there are some areas where residents may struggle to maintain their homes. For example, Penfield has a higher percentage of renters than homeowners (47% vs 33%), which may make it difficult for residents to stay in their homes if they lose their jobs or experience other financial difficulties. Additionally, Penfield's relatively low population density may make it difficult for residents to find affordable housing options outside of the city limits.