12977, Ray Brook, NY

Ray Brook, NY, is located in the 12977 zip code. The 12977 zip code has a population of about 10,000 people. Ray Brook is a small town that was founded in 1786. It is located in the Adirondack Mountains and has a population of about 1,000 people. The median household income in the 12977 zip code is $75,000 and the median home value is $225,000.

The 12977 zip code has a low unemployment rate of 2%. The average commute time to work is 20 minutes and there are no major highways or expressways close to the zip code. The majority of residents are white (97%) and have at least some college education (57%). There are also a small number of black (3%) and Hispanic (2%) residents living in the 12977 zip code.

There has been an increase in home equity values over the past five years due to an increase in home prices across all areas of New York State. In 2013, Ray Brook had an average home value of $225,000 which increased to $269,500 by 2016. Over this same period there was an increase of 18% statewide for home values while Ray Brook's inflation rate was only 9%. This indicates that there may be some localized demand for homes within Ray Brook that exceeds statewide trends.

Despite this localized demand for homes within Ray Brook, it appears that most homeowners have not experienced significant increases or decreases in their home equity since 2013-2016 due to relatively stable mortgage rates across all lenders during this time period. This suggests that although local market conditions may be driving up prices within certain neighborhoods or ZIP codes within New York State, homeownership rates remain relatively stable overall which should help maintain stability for buyers and sellers over time