ZIP Code 12010 Housing Market

📝 Local Market Notes

The housing market in ZIP code 12010, located in Fulton County, New York, exhibits a volatile and aggressive upward trajectory over the recent five-year period. The Home Price Index (HPI) for this area has surged from 217.21 in 2021 to 339.79 in 2025, representing a significant cumulative appreciation. Notably, the data reveals a sharp acceleration in 2023, where the HPI jumped to 282.07, followed by a slight dip in 2024 to 265.47 before a dramatic spike to the current level. This pattern suggests periods of intense price correction followed by rapid recovery, distinguishing the local market from smoother, linear growth trends observed in other regions. ZIP 12010 demonstrates significant divergence from broader regional metrics. The ZIP’s year-over-year appreciation of 27.99% vastly exceeds the Fulton County average of 10.63% and the New York State average of 3.55%. This substantial outperformance indicates that 12010 is functioning as a distinct micro-market, likely driven by specific local factors rather than general state or county trends. In contrast, nearby ZIP codes 12095 and 12078 show much more modest growth rates of 5.83% and 3.79%, respectively, further isolating 12010’s exceptional performance. Despite the high HPI, the parent county’s ACS data suggests a moderate-income sub-market rather than a luxury enclave. With a median household income of $66,533 and a median home value of $163,100, the broader county remains accessible. However, the 71.4% owner-occupancy rate indicates a stable, established residential base. Prospective buyers should note that the current HPI of 339.8 implies prices have nearly tripled since 2000. Given the 7.40% national mortgage rate, the rapid appreciation in 12010 may limit affordability for local incomes, suggesting that recent price gains may be driven by external demand or specific property characteristics within the ZIP rather than broad local income growth.

Based on FHFA House Price Index data.