ZIP Code 13148 Housing Market

📝 Local Market Notes

The housing market in ZIP code 13148, located in Seneca County, New York, demonstrates a consistent upward price trajectory over the past five years. The FHFA House Price Index (HPI) has risen from 192.31 in 2021 to 269.53 in 2025, indicating a cumulative appreciation of approximately 40% during this period. This sustained growth reflects strong demand dynamics within the specific sub-market, despite broader economic headwinds. The annual increase from 2024 to 2025 was 6.21%, marking a period of robust value expansion for homeowners in this area. When compared to broader geographic benchmarks, ZIP 13148 exhibits a distinct performance pattern. The ZIP’s year-over-year growth of 6.21% lags behind the Seneca County average of 7.57%, suggesting that while the broader county is experiencing heightened momentum, this specific area is growing at a slightly more moderate pace. However, it significantly outpaces the New York State average of 3.55%. This divergence signals that ZIP 13148 remains a relatively attractive segment within the state, offering better appreciation potential than the statewide median, though it is not leading the local county surge. The sub-market character of ZIP 13148 aligns with an affordable, entry-level housing profile. The parent county’s median home value stands at $155,400, which is considerably lower than national averages, and the median household income is $68,089. With an owner-occupancy rate of 71.0%, the area maintains a stable residential base without being dominated by rental properties. For prospective buyers, the combination of moderate price levels and strong historical appreciation suggests a viable entry point into the New York real estate market. Residents should note that while current mortgage rates stand at 7.40%, the local price trends indicate that waiting for a correction may not be a reliable strategy, as the ZIP has shown resilience and continued growth relative to the state.

Based on FHFA House Price Index data.