ZIP Code 13492 Housing Market

📝 Local Market Notes

The housing market in ZIP code 13492, located in Oneida County, New York, demonstrates a robust and accelerating price trajectory over the past five years. The FHFA Home Price Index for this area has risen from 202.39 in 2021 to 295.87 in 2025, representing a substantial cumulative gain. Notably, the recent annual growth rate of 13.70% in 2025 significantly outpaces the broader regional trends. This performance indicates a localized surge in demand that is distinct from the general market conditions observed across the county and state. This divergence is critical for understanding the sub-market dynamics. While the Oneida County median home value stands at $182,600 and the state-wide year-over-year growth is a modest 3.55%, ZIP 13492 is appreciating at nearly double the county’s 6.34% rate. Such a sharp deviation suggests that this specific area is experiencing unique drivers of value, potentially related to local employment shifts or desirability factors not present in neighboring areas like ZIP 13403, which saw a 16.94% decline. The high HPI level relative to the county median implies that properties in 13492 may command a premium, positioning them above the typical entry-level segment found elsewhere in the region. For prospective buyers, the current environment presents both opportunity and challenge. The median household income in Oneida County is $70,154, and the median gross rent is $944 per month. Given the 7.40% national mortgage rate, the rapid appreciation in 13492 may strain affordability for local residents compared to the county average. The data indicates a market that is tightening rapidly, with prices rising faster than income growth in the broader area. Residents and investors should recognize that this ZIP code is currently a high-growth outlier within a more stable county context, requiring careful consideration of long-term value retention against the backdrop of elevated interest rates.

Based on FHFA House Price Index data.