10920, Congers, NY

Congers, NY is located in Ulster County and has a population of just over 10,000. The 10920 zip code covers most of the town and has a median home value of $236,000. Home equity is important to many people because it can provide them with a cushion in case of an emergency or unexpected expense.

There are a number of factors that can affect home prices in any given area, but Congers is no exception. The main drivers of home prices are demand and supply. When there is strong demand for homes, prices will go up; conversely, when there is low demand for homes, prices will go down. In Congers, the average commute time to work is just under 30 minutes and the unemployment rate was 2.9% as of March 2016. These factors contribute to high demand for homes in the 10920 zip code and keep prices high.

On the other hand, Congers also has some restrictions on development that may impact home values: for example, there are no new housing developments allowed within 5 miles of Congers town center (although this restriction may be changing). Additionally, Congers benefits from being located close to major transportation hubs like I-87 and I-84 which helps to attract commuters from surrounding areas who want access to those resources. All these factors together may lead to lower home values in some parts of the 10920 zip code compared to others – but overall they maintain relatively high levels due to strong demand from buyers and limited supply available on the market.