Zip Code:

12953, Malone, NY

12953 is a New York Zip code within the city of Malone and the county of Franklin County. Its population is roughly 15,374.

Malone's Real Estate Market

Malone is a small town located in the northern part of the county. The population was just over 2,000 people in 2010. The median household income was just over $60,000 and the unemployment rate was just under 3%. Home prices in Malone have been increasing rapidly over the past few years, reaching an all-time high of $269,900 in April of this year.

The 12953 zip code has seen a large increase in home equity and home prices since 2009. In 2009, the median home value was just over $130,000. By 2013, the median home value had increased to over $269,900. This represents an increase of almost 176%.

There are several reasons why home values have increased so much in Malone over the past few years. First and foremost is that Malone is a very desirable location to live in. It has a low unemployment rate and a high median household income. Additionally, Malone is located within close proximity to both Albany and Syracuse which make it easy for residents to commute to work or school.

Another reason why home values have increased so much in Malone is that there has been an influx of new residents into the area. Many people are moving to Malone because it is a safe community with low crime rates. Additionally, many people are moving to Malone because it has excellent schools which offer great educational opportunities for their children.

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