12051, Coxsackie, NY

The 12051 zip code of Coxsackie, NY has a median home value of $120,000. This is a decrease from the median home value of $132,500 in 2010. The average home price in the 12051 zip code has increased by 5% since 2010. The percentage increase in the average home price is higher than the national average of 3%.

There are many factors that could be contributing to this increase in home prices. Some possible reasons include an increasing demand for housing due to an influx of new residents and an increase in jobs, as well as low interest rates that have made it more affordable to borrow money for a down payment on a house. Additionally, Coxsackie is located within close proximity to both Albany and New York City which could contribute to its high demand for housing.

Despite these positive trends, there are also some indications that the market may be beginning to slow down. For example, the number of homes sold in the 12051 zip code decreased by 4% between 2016 and 2017 compared to the previous two years. Additionally, while prices continue to rise overall, there has been a noticeable slowdown in growth among certain neighborhoods within Coxsackie. For example, while prices increased by 9% between 2015 and 2016 within ZIP Code 12051’s Village neighborhood (which includes areas like Greenridge), they only increased by 2% between 2017 and 2018 within this same area. This suggests that while there is still strong demand for housing within Coxsackie overall, pockets within the city may be experiencing more limited growth opportunities at present time.