ZIP Code 13080 Housing Market

📝 Local Market Notes

ZIP code 13080 in Cayuga County, New York, exhibits a distinct upward price trajectory that diverges significantly from broader regional trends. The FHFA Home Price Index (HPI) for this ZIP code has risen from 198.35 in 2021 to 301.63 in 2025, representing a substantial cumulative increase over the four-year period. This growth is not linear; after a moderate increase in 2022 and a slight dip in 2024, the index surged in 2025. The year-over-year appreciation of 29.64% for ZIP 13080 stands in stark contrast to the Cayuga County average of 3.03% and the New York State average of 3.55%. This extreme divergence suggests localized demand drivers or specific inventory constraints within this ZIP code that are not present in the surrounding county or state. The sub-market character of ZIP 13080 appears to be an outlier within its geographic context. While the parent county’s median home value is $171,000, indicating a generally affordable market, the HPI level of 301.63 implies that ZIP 13080 has experienced price appreciation far exceeding the baseline. The county’s 71.4% owner-occupancy rate and median household income of $67,904 suggest a stable, middle-income residential area. However, the rapid price escalation in ZIP 13080 indicates that this specific area may be attracting higher-income buyers or experiencing a scarcity of available listings, effectively decoupling it from the lower-priced entry-level dynamics of the wider Cayuga County market. Nearby ZIPs, such as 13073, show much more moderate growth of 4.66%, further highlighting the unique nature of 13080’s recent performance. For prospective buyers, the practical takeaway is that ZIP 13080 is currently operating in a high-momentum environment that is decoupled from local norms. The 29.64% annual increase, combined with a national 30-year mortgage rate of 7.40%, creates a challenging affordability landscape. Residents and investors should recognize that the historical median values for the county do not reflect the current market reality in this specific ZIP. The data indicates a market where prices are rising at a pace nearly ten times faster than the state average, requiring careful financial planning and an understanding that current valuations are driven by localized factors rather than general regional trends.

Based on FHFA House Price Index data.