12863, Rock City Falls, NY

The Rock City Falls zip code 12863 has a population of approximately 2,000 people. The median household income in this zip code is $60,000 and the median home value is $195,000. The percentage of homes that are owner-occupied is approximately 78%, while the percentage of homes that are renter-occupied is approximately 22%.

There has been a significant increase in home equity and home prices in the 12863 zip code over the past five years. In 2012, the median home value was $157,500 and the median home equity was $81,500. In 2016, the median home value was $195,000 and the median home equity was $146,500. This represents an increase of 66% and 133%, respectively.

One reason for this increase in home values is that Rock City Falls has a low unemployment rate (3%) and a high number of jobs (over 30%). Additionally, there is a strong demand for housing due to its close proximity to major cities such as Buffalo (30 minutes), Rochester (40 minutes), Syracuse (45 minutes), and Albany (60 minutes). Furthermore, many new businesses are moving into this area which also contributes to increased demand for housing.