14580, Webster, NY

The 14580 zip code of Webster, NY has a median home value of $206,000. This is a decrease from the median home value of $236,000 in 2007. The percentage of homes with a mortgage in the 14580 zip code is lower than the national average at 63%. The percentage of homes with equity in the 14580 zip code is also lower than the national average at 36%.

There are many factors that contribute to home equity and home prices. Some reasons for this decrease in median home values include: an increase in foreclosures, low interest rates, and low inflation rates. Another reason for this decrease may be due to stricter lending criteria by banks and lenders.

Despite these decreases, there are still many homeowners in the 14580 zip code who have equity in their homes. Homeownership rates have increased over time due to low interest rates and tax credits available for first-time homeownership. In addition, Webster has seen an influx of new residents who are purchasing homes because they appreciate its close proximity to Manhattan as well as its suburban lifestyle.