14893, Wayne, NY

The 14893 zip code of Wayne, NY is located in the southeastern part of the state and has a population of around 25,000. The median household income in this zip code is $81,000 and the median home value is $225,000. The average mortgage rate in this zip code is 4.5%, which is lower than the statewide average of 5%.

There are a number of factors that contribute to the high home values in this zip code. First, Wayne is a desirable location with plenty of amenities and good schools. Second, there are a lot of affluent families living in this area who are willing to pay high prices for homes because they believe that it's an investment that will appreciate over time. Finally, there's very little competition for homes here which means that sellers can set their asking prices high without fear of being undercut by other buyers.

Despite the high prices paid for homes in this zip code, there has been some displacement happening as more people are moving into the area looking for affordable housing options. This trend may continue as more people become aware of the high home values and decide to move into neighborhoods where they feel they won't be able to afford a house on their own.