12027, Burnt Hills, NY

The 12027 zip code of Burnt Hills, NY has a population of approximately 4,000 people. The median household income in this zip code is $130,000, and the median home value is $1.5 million. The average home price in this zip code has increased by 27% over the past five years.

There are a number of factors that have contributed to the increase in home values in the 12027 zip code of Burnt Hills, NY. One reason is that there is a high demand for homes in this area due to its close proximity to both New York City and Albany. Additionally, many homeowners in this zip code have been able to refinance their mortgages at lower interest rates over the past few years, which has helped to increase their home equity values.

Despite these positive trends, there are still some risks associated with buying or selling a home in the 12027 zip code of Burnt Hills, NY. For example, if interest rates rise again later on in 2018 or 2019, then prices may decline relatively quickly as well. Additionally, although it is generally easier now than it was several years ago to get a mortgage loan for a house purchase or refinancing in this area, there could still be some difficulty finding an appropriate lender if you do not have good credit history or if you want to borrow more than your current house value is worth.