12481, Shokan, NY

The 12481 zip code of Shokan, NY is located in the Southern Tier region of New York. The population of this zip code was 9,821 as of the 2010 census. The median household income in this zip code was $68,927 as of 2010. The median home value in this zip code was $227,000 as of 2010.

As of July 2016, there were 2,711 properties listed for sale in the 12481 zip code. There were 1,542 properties listed for sale at an average price of $236,848. There were also 191 properties listed for sale at an average price of $269,900. This indicates that the market for homes in the 12481 zip code is moderately active and prices are increasing at a rate above the national average.

According to Zillow’s Home Value Index (HVI), which measures home values relative to income and sales activity over time, the Shokan area has a relatively high HVI score (97th percentile) when compared to other U.S. ZIP codes with a population over 10,000 (ZIP codes with populations between 10k-100k have an HVI score between 80-90%). This indicates that homes in this area are generally worth more than homes in other areas within similar incomes and sales activity levels.

It is important to keep in mind that while home values are increasing rapidly within the 12481 zip code, they are not necessarily increasing at a rate that is consistent with overall inflation rates nationwide or even within individual markets across New York State (for example: Buffalo or Syracuse). This suggests that there may be some opportunity for buyers who are looking to purchase a home within this area but who are not interested in paying inflated prices relative to their incomes or regional market trends.