13069, Fulton, NY

The 13069 zip code of Fulton, NY is located in the Southern Tier region of New York State. The population of the zip code is approximately 16,000. Home prices in the 13069 zip code have increased significantly over the past few years, reaching a median price of $157,500 as of March 2017. This increase in home prices has been driven by an influx of new residents and an increase in demand for housing due to a strong economy and low unemployment rates.

The main drivers of home equity growth in the 13069 zip code are generally positive economic indicators such as low unemployment rates and strong GDP growth. Additionally, new residents are attracted to areas with high home values and strong job prospects. As a result, there has been an increase in demand for housing within the 13069 zip code, which has led to elevated home prices.

Despite these positive trends, there are some risks associated with increasing home values within the 13069 zip code. If interest rates rise or if there is a sudden decrease in economic conditions, then homeowners could experience significant losses on their investments. Additionally, if there is a sudden increase in demand for housing outside of the 13069 zip code (due to factors such as rising incomes or population growth), then prices within the 13069 zip code could decline relative to those areas.