12508, Beacon, NY

The Beacon, NY 12508 zip code is located in the Hudson Valley region of New York State. The zip code has a population of approximately 20,000 people and an average household size of 2.4 people. The median household income in the 12508 zip code is $101,000, and the median home value is $269,000.

According to Zillow’s Home Value Index (HVI), the Beacon, NY 12508 zip code has a median home value that is 8% higher than the statewide median home value of $177,500. Additionally, Zillow’s HVI indicates that the Beacon, NY 12508 zip code has a higher percentage of homes with a value above $300,000 than any other zip code in New York State.

The reason for this high concentration of homes with values above $300,000 may be due to the presence of several prestigious colleges and universities in the area (including Bard College and SUNY Purchase). Additionally, many affluent residents may choose to live in close proximity to these institutions rather than commute long distances each day.

Despite this high concentration of expensive homes, overall prices in the 12508 zip code are relatively low when compared to other areas of New York State. For example, Zillow’s HVI indicates that the median home value in Westchester County (which includes neighboring counties such as Rockland County) is 18% higher than the median home value in Beacon, NY 12508. In addition, according to Trulia’s recent analysis*,the average list price for homes within 10 miles of Beacon is $283K while Homes within 30 miles are priced at an average list price of $341K**. These figures indicate that despite having a higher percentage of expensive homes on average than other areas within New York State; prices in the 12508 zipcode are still relatively affordable when compared to other parts of America.

*https://www.trulia.com/homes/search?q=beacon+ny&fips=®ion=ny&state=&county=-&zipcode=12508&minPrice=0&maxPrice=500000&layers=true#sort-by-price-descending **https://www2.trulia..../new-york/hudson-valley/beacon_ny?oeidkcsi10000005