The story of this market
The typical home in ZIP 12032 sells for about $300,000, or $173 per square foot.
Prices are down 8% from a year ago, which gives buyers more room to negotiate. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $875 a month.
ZIP 12032 — Caroga Lake
The housing market in 12032 is characterized by low transaction volume and a high vacancy rate, typical of a rural, seasonal lake community. Prices have shown volatility, with recent data indicating a slight year-over-year decline in median sale prices. The market remains driven by lifestyle buyers rather than high-density economic development.
This ZIP is primarily suited for those seeking a quiet, rural, or seasonal lake-front lifestyle, appealing to retirees or second-home buyers rather than urban commuters.
Median prices moved down 8.0% year over year.
Homes spend a median of 92 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 6.1% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 12032, Fulton County NY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is characterized by its proximity to Caroga Lake, offering seasonal outdoor recreation including boating, fishing, and hiking trails.
The rental market is limited, with median asking rents typically ranging between $750 and $999 per month.
The local economy is largely rural and tourism-dependent, with limited major industrial or corporate presence.
Data retrieved from US Census Bureau ZCTA 12032 profiles.
A primary recreational anchor for the community offering water-based activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.