13314, Brookfield, NY

Brookfield, NY is a suburban community located in Westchester County. The 13314 zip code covers a total area of approximately 7.5 square miles and has a population of approximately 41,000 residents. Home prices in the 13314 zip code have increased significantly over the past several years, reaching an all-time high of $1,165,000 in 2017.

The main drivers of home equity and home prices in Brookfield are strong economic fundamentals and limited supply. The community's economy is diversified with significant sectors including technology, healthcare, finance and insurance, and manufacturing. These sectors have generated sustained growth over the past several years which has supported rising home values. Additionally, Brookfield has a low population density which allows for greater investment opportunities and limited competition for housing units.

The 13314 zip code is experiencing strong demand for housing units due to its strong economic fundamentals and limited supply. As a result, home values have increased significantly over the past several years to reach an all-time high of $1,165,000 in 2017. However, there is potential for price appreciation to slow down as the market reaches saturation point or if economic conditions weaken.