ZIP Code 12414 Housing Market
ZIP code 12414 is located in Greene County, New York. Based on the FHFA House Price Index, the most recent annual HPI value is 430.4 (2000 = 100) , with a year-over-year change of +7.95% as of 2025.
📈 12414 HPI Trend
FHFA House Price Index for Five-Digit ZIP Codes (2000 = 100)
📝 Local Market Notes
The housing market in ZIP code 12414, located in Greene County, New York, exhibits a robust and accelerating price trajectory. Over the last five years, the Home Price Index (HPI) has surged from 277.55 in 2021 to 430.42 in 2025, representing a cumulative appreciation of approximately 55%. This consistent upward trend indicates sustained demand within this specific sub-market, with the most recent year-over-year increase of 7.95% signaling continued momentum. This performance marks a significant divergence from broader regional trends. While the county-wide year-over-year growth stands at 1.72% and the state average is 3.55%, ZIP 12414 is appreciating at a rate more than four times that of its parent county. Such a stark divergence suggests that 12414 is functioning as a distinct, high-demand micro-market, likely driven by localized factors such as specific amenities, proximity to employment hubs, or limited housing inventory that insulates it from the slower pace of the surrounding Greene County market. The sub-market character appears to be premium relative to the county average. With a county median home value of $271,600 and an owner-occupancy rate of 77.2%, the area is predominantly owner-occupied. However, the HPI level of 430.42, which is significantly higher than the baseline, implies that median prices in 12414 likely exceed the county median, positioning it as an upper-middle or luxury segment within Greene County. The median household income of $77,945 and median gross rent of $1,004/month provide context for affordability, though the high HPI suggests that entry-level buyers may face challenges. For prospective buyers, the practical takeaway is that 12414 is a high-appreciation zone that is decoupling from the wider regional market. The 7.95% annual growth rate, set against a 7.40% national mortgage rate, indicates that holding costs are high, but asset value is increasing rapidly. Residents should anticipate that property values in this ZIP code are tracking a premium curve compared to neighboring areas, requiring careful budgeting to align with the higher price points inherent in this specific sub-market.
About This ZIP Code
ZIP code 12414 is one of the most active real estate sub-markets in Greene County, New York. The FHFA House Price Index tracks cumulative price appreciation since 2000, providing a consistent measure of long-term value change in this specific ZIP area.
For full county-level context, see the Greene County Housing Market page, which includes ACS median home values, rent, owner-occupancy, employment, migration, and other economic indicators.
Data Source: FHFA House Price Index for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100). Data as of 2025. This product uses FHFA Data but is neither endorsed nor certified by FHFA.