12078, Gloversville, NY

The Gloversville, NY 12078 zip code has a median home value of $128,000 and a median home equity of $87,500. This means that the majority of homeowners in this zip code have more equity in their homes than they need to cover their monthly mortgage payments. In addition, the average home price growth in this zip code over the past five years has been 6%. This indicates that there is strong demand for homes in this area and that prices are likely to continue rising.

One reason why prices are likely to continue rising is because there is a low rate of unemployment in Gloversville, NY. Additionally, the city has a high rate of population growth (5% annually), which means that there will be an increasing number of people looking to buy or rent homes in the near future. Furthermore, many families are choosing to live closer to work (in Gloversville, NY, the average commute is only 18 minutes). As a result of all these factors - high demand and low rates - home values are likely to continue increasing in the 12078 zip code.