10533, Irvington, NY

Irvington, New York is located in the northwestern part of the state and has a population of around 27,000. The 10533 zip code covers a total area of just over 2 square miles and has a median home value of $269,000. Home prices in Irvington have increased significantly over the past few years, with the median home value increasing by almost 20% between 2013 and 2017.

The main drivers of this increase are likely to be strong demand from local buyers and investors as well as low interest rates. The average interest rate on mortgages in Irvington is currently just 3%, which is much lower than the statewide average of 4.5%. This combination is likely to continue to drive prices up in Irvington over the long term.

There are a number of factors that could potentially dampen demand for homes in Irvington, including rising interest rates or an economic slowdown. However, at present it seems likely that prices will continue to rise in the 10533 zip code over the next few years.