10577, Purchase, NY

The 10577 zip code of Purchase, New York is located in the Southern Tier region of the state and has a population of approximately 25,000. Home prices in this zip code have been increasing at a rate of 7.5% over the past year, which is above the statewide average of 6.8%. The median home price in this zip code is $137,500 and the median household income is $72,000.

There are a number of factors that contribute to home prices increasing in this zip code. One reason is that there are a lot of new homes being built in this area, which leads to an increase in demand for housing. Additionally, many people who live in this zip code are able to afford to buy homes because they have high incomes or they own their homes outright. Finally, Purchase has been designated as a "strong" market by multiple real estate agencies, which means that there is strong demand for housing here and competition among buyers is fierce.