12485, Tannersville, NY

The 12485 zip code of Tannersville, NY is located in the Finger Lakes region of upstate New York. The area has a population of about 10,000 and has a median household income of $60,000. Home prices in the zip code have increased by about 20% over the past five years, making it one of the most rapidly growing areas in upstate New York.

One reason for this growth is that Tannersville is located close to several major cities, including Rochester and Syracuse. These cities are attracting new residents and businesses, which is driving up demand for housing and property. Additionally, Tannersville has been experiencing strong job growth over the past few years, which has led to an increase in wages and salaries. This combination of factors has led to an increase in home prices in the area.

Another factor contributing to the growth of home prices in Tannersville is that there are relatively few homes available for sale compared to other areas of upstate New York. This shortage of inventory has caused prices to rise faster than average because buyers have more choice when it comes to where they want to live. In addition, many people who live in Tannersville own their homes outright rather than using a mortgage or rental agreement, which makes them more likely to be able to afford a high-priced property.

Overall, home prices in the 12485 zip code are rising quickly due to strong demand from both buyers and sellers alike. While this may cause some people who live there to feel pressure from rising prices, overall it appears that most residents are benefiting from this trend.