10579, Putnam Valley, NY

Putnam Valley, NY is located in the northwest corner of Westchester County and has a population of approximately 21,000. The median household income is $130,000 and the median home value is $1.5 million. Putnam Valley has a strong economy with many businesses located in the area. Home equity and home prices are high in Putnam Valley because of this strong economy and stable housing market.

There are currently 953 homes for sale in the 10579 zip code. The average list price is $1,827,500 which is up from $1,711,250 last year. The number of homes sold in the 10579 zip code was 97 last year which was down from 113 in 2016 but still above the average sales rate for Westchester County of 73 per year. There are currently 594 homes available for purchase in the 10579 zip code which is down from 602 last year but still above the average sales rate for Westchester County of 477 per year.

The reason that home equity and home prices are high in Putnam Valley is because of its strong economy and stable housing market. The local economy has been growing steadily since 2010 and there have been no major economic downturns during that time which has helped to keep home values high. Additionally, there are very few foreclosures or short sales in Putnam Valley which helps to keep demand high for homes on the market. The local housing market has also been relatively stable over the past few years with no significant spikes or dips in prices like we have seen elsewhere throughout New York State over this period of time. This stability makes it easier for people to buy a house or refinance their current mortgage since they know that their investment will not be impacted by sudden changes elsewhere in the market