14620, Rochester, NY

Home Equity and Home Prices in the 14620 Zip Code of Rochester, NY

The 14620 zip code of Rochester, NY has a median home value of $128,000. This is higher than the national median home value of $76,400. The 14620 zip code also has a lower than average percentage of homeowners with mortgages at 66%. This is lower than the national percentage of homeowners with mortgages at 71%. The 14620 zip code has a higher than average percentage of homeowners who have equity in their homes at 86%. This is higher than the national percentage of homeowners who have equity in their homes at 74%.

There are several factors that may contribute to these high home values and low mortgage rates in the 14620 zip code. These include: strong job market conditions, low interest rates, and a relatively low number of foreclosures. Additionally, many people in this zip code are likely wealthy enough to be able to afford a larger down payment on a house compared to other areas.