14883, Spencer, NY

The Spencer zip code is located in the town of Spencer in the county of Monroe, New York. According to the 2010 census, the population of Spencer was 2,521. Home equity and home prices in this zip code are important factors to consider when evaluating whether or not to purchase a home in this area.

According to Zillow, as of March 2016, the median home value in Spencer was $153,000. This is significantly lower than the statewide median home value of $269,500 and the national median home value of $177,200. However, despite being relatively low compared to other areas across New York State and nationwide, Spencer's median home value is still higher than that of many other towns and villages within Monroe County. Additionally, while Spencer's median home value has decreased over time (by 5% since March 2015), it has remained relatively stable compared to other ZIP codes within Monroe County (Zillow data). This suggests that there may be potential for appreciation in this area over time if buyers are patient (or if market conditions improve).

While there is no guarantee that any given homeowner will see their home equity increase over time (due to a variety of factors including economic conditions), homeownership remains an important investment option for many people across America. In light of this fact, it is worth considering whether or not purchasing a property in Spencer would be a good decision based on current market conditions and homeowner equity levels.