12477, Saugerties, NY

The Saugerties zip code 12477 has a population of just over 10,000 people and an average home value of just over $225,000. The median home value in the zip code is $215,000, which is higher than the statewide median home value of $179,500. The percentage of homes in the zip code that are worth more than $300,000 is significantly higher than the statewide percentage of homes that are worth more than $300,000.

The main drivers of home equity and home prices in the Saugerties zip code are likely to be local market conditions and interest rates. Over the past few years there has been a significant increase in demand for homes in this area due to an influx of new residents and an increase in job opportunities. This has led to a bidding war for available properties and increased prices for homes on both the primary market and through foreclosure auctions. Interest rates have also played a role in driving up home values; as interest rates have declined throughout much of New York State, homeowners who were able to get mortgages prior to 2008 have seen their equity grow faster than those who were not able to get mortgages at that time.