ZIP Code 10541 Housing Market

📝 Local Market Notes

The housing market in ZIP code 10541, located in Putnam County, New York, demonstrates a robust upward price trajectory over the recent five-year period. The FHFA House Price Index (HPI) for this area has risen from 176.72 in 2021 to 237.47 in 2025, indicating a cumulative appreciation of approximately 34.4%. This consistent growth reflects sustained demand within this specific geographic segment, outpacing the broader regional trends observed in the state and county averages. Currently, ZIP 10541 exhibits a year-over-year appreciation rate of +5.97%, which significantly exceeds the Putnam County average of +3.70% and the New York State average of +3.55%. This positive divergence suggests that the sub-market is experiencing stronger momentum than its surrounding areas. While neighboring ZIP 10524 has seen a slight contraction of -1.92%, and ZIP 10588 has grown by +7.43%, the performance in 10541 indicates a resilient local economy or specific desirability factors that are driving prices higher than the general county baseline. Based on the parent county’s ACS data, which reports a median home value of $471,300 and a median household income of $126,257, ZIP 10541 appears to function as an established, owner-occupied community rather than an entry-level or renter-heavy zone. With an owner occupancy rate of 83.8% in the county, the market is characterized by stability and long-term residency. For prospective buyers, the combination of high income levels and accelerating price growth implies a competitive environment. The current 30-year mortgage rate of 7.40% further influences affordability calculations, meaning that despite the high median income, the rising cost of entry requires careful financial planning. Residents can expect a market that is appreciating faster than the state average, driven by strong local fundamentals.

Based on FHFA House Price Index data.