14591, Wyoming, NY

The 14591 zip code of Wyoming, NY is located in the Southern Tier region of New York State. The zip code has a population of approximately 21,000 and an average household income of $60,000. Home prices in the zip code have increased by an average of 9% over the past year. The median home value in the zip code is $141,500.

There are a number of factors that have contributed to the increase in home prices in the 14591 zip code. One reason is that there has been an increase in demand for homes due to strong economic growth and low interest rates. Another factor contributing to the increase in home prices is that there are a limited number of homes available for sale compared to previous years. This has led to increased competition among buyers and higher prices for homes on the market.

Home equity is another important factor affecting home prices. Home equity refers to the value of a homeowner's property minus any outstanding debt on that property, such as mortgages or credit card bills. Homeowners with high levels of home equity are more likely to be able to sell their homes quickly and at a higher price than homeowners with lower levels of home equity. In addition, homeowners who have high levels of home equity are more likely to be able to borrow money against their homes if they need to make repairs or upgrades on their properties.

Overall, it appears that strong economic growth and low interest rates are driving up home prices throughout much of New York State and especially in the 14591 zip code. However, there are also some factors influencing home prices within this particular zip code – such as homeowners' levels ofhome equity – which may give buyers an advantage when tryingto purchase a house or investin real estate here