13205, Syracuse, NY

The Syracuse, NY zip code 13205 has a population of around 228,000 people and is located in the Central New York region. Home equity and home prices in this zip code have been on the rise for the past few years, with values increasing by an average of 6.5% annually. This has made it one of the most desirable areas to live in in Upstate New York, and has helped to make Syracuse one of the most prosperous cities in upstate New York.

One reason why home values have been increasing so rapidly in this zip code is that there are a lot of families who are looking to buy their first home or upgrade their current home. In addition, there is a large number of new homes being built in this area, which is helping to keep prices high. There are also a lot of investors who are looking to purchase homes in this area because they believe that prices will continue to increase over time.

One downside to living in this zip code is that there is a shortage of available housing units, which has led to increased prices for existing homes as well as for new homes. This shortage may become more pronounced over time as baby boomers reach retirement age and begin looking for retirement homes close to their loved ones.