ZIP Code 13073 Housing Market

📝 Local Market Notes

The housing market in ZIP code 13073, located in Cayuga County, New York, exhibits a consistent upward price trajectory over the past five years. The Home Price Index (HPI) has risen from 182.4 in 2021 to 274.8 in 2025, representing a cumulative appreciation of approximately 50.7%. This sustained growth indicates a maturing local market where equity accumulation has been steady rather than volatile. The most recent year-over-year increase of 4.66% suggests that while the rapid acceleration seen in earlier years has moderated, the market remains fundamentally strong and resilient against broader economic headwinds. When compared to broader regional metrics, ZIP 13073 demonstrates distinct performance characteristics. Its 4.66% year-over-year growth outpaces both the county average of 3.03% and the state average of 3.55%. This positive divergence signals that the specific sub-market within this ZIP code is experiencing stronger demand or supply constraints than the surrounding Cayuga County and New York State averages. Notably, nearby ZIPs 13166 and 13080 show even higher year-over-year gains of 20.97% and 29.64%, respectively, suggesting a cluster of high-growth areas within the county, though 13073 maintains a more moderate, stable pace. The sub-market character of ZIP 13073 aligns with an affordable, owner-occupied residential segment. With a parent county median home value of $171,000 and a median household income of $67,904, the area serves as an entry-level to mid-tier housing market. The 71.4% owner-occupancy rate further confirms a community-oriented structure rather than a renter-heavy or luxury enclave. For prospective buyers, the data indicates a market with significant recent equity growth but currently priced below national luxury standards. However, with the 30-year mortgage rate at 7.40%, monthly carrying costs remain a critical factor. Residents should recognize that while the area offers relative affordability compared to state averages, the outpacing of county growth rates suggests increasing competitiveness for available inventory.

Based on FHFA House Price Index data.