13066, Fayetteville, NY

The 13066 zip code of Fayetteville, NY is located in the Finger Lakes region of upstate New York. The zip code has a population of about 30,000 and has a median household income of $75,000. Home prices in the 13066 zip code have increased significantly over the past few years, reaching an all-time high of $269,900 in May 2017.

One reason for the increase in home prices in the 13066 zip code is that there are a limited number of homes available for sale. In addition, many homeowners have been able to refinance their mortgages and obtain lower interest rates which has helped to increase their home equity values. Another factor contributing to the increase in home prices is that Fayetteville is experiencing strong economic growth. This growth is likely due to its proximity to major cities such as Rochester and Syracuse which are both growing rapidly economically. As a result, demand for housing has increased significantly in the 13066 zip code over the past few years.

While home prices in the 13066 zip code are increasing rapidly, it's important to keep in mind that they're still relatively low when compared to other areas of upstate New York. Additionally, it's important to remember that not all homeowners within the 13066 zip code have seen an increase in their home equity values due to rising home prices. Some homeowners may have had their homes devalued by falling property values or by having their mortgages refinanced at a lower interest rate which resulted in a decrease in their home equity value.