12838, Hartford, NY

The 12838 zip code of Hartford, NY has a median home value of $157,000 and a median home equity value of $130,000. This is significantly lower than the statewide median home value of $269,500 and statewide median home equity value of $236,100.

There are a number of factors that may contribute to the low home values in the 12838 zip code of Hartford. First, Hartford is located in one of the most economically depressed regions in New York State. Second, there is a significant shortage of available housing stock in this zip code. Finally, many homeowners in this zip code have taken out high-interest loans to purchase their homes, which has increased their overall debt burden and decreased their equity holdings.

Despite these challenges, there are some homeowners in the 12838 zip code who are doing well financially. For example, those who have invested in property appreciation over time may be doing well financially relative to those who have not invested in their homes. Additionally, some homeowners may be able to afford higher mortgage payments due to their higher equity holdings or because they have taken out HELOCs (high-interest loan options).

Overall though, it is likely that the average homeowner in the 12838 zip code will fare worse financially than average when compared with homeowners across New York State as a whole.