The story of this market
The typical home in ZIP 12092 sells for about $150,000, or $130 per square foot.
Homes take about 70 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,007 a month.
ZIP 12092
The housing market in 12092 is characterized by very low inventory and limited sales activity, typical of a rural area. Prices remain modest compared to the broader Albany metro area, with demand driven by local residents. No significant new development or price volatility is currently observed.
This ZIP is best suited for rural-lifestyle seekers, retirees, or local workers who prefer a quiet, low-density environment over suburban or urban living.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 70 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 10.0% — a stable, low-distress profile.
ZCTA 12092, Schoharie County NY
The area is served by the Cobleskill-Richmondville Central School District, which provides standard public education for the rural Schoharie County region.
The region is subject to standard New York State flood and winter weather risks; insurance premiums are influenced by regional climate exposure.
Economic momentum is limited, characterized by a rural, small-town economy with minimal large-scale commercial development or major corporate infrastructure.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New York) — Income-Based Assessment for Affordable Rental Housing: The assessed valuation must be determined using the income approach based on actual net operating income, excluding subsidies, tax credits, or grants used for development costs. State (New York) — Real Property Tax Assessment: Real property is assessed by local jurisdictions based on a uniform percentage of value. The tax liability is calculated as (Assessed Value * Tax Rate) - Exemptions.
Residents typically rely on personal vehicles for commutes to employment hubs in Cobleskill or the broader Albany-Schenectady-Troy metro area.
The area is known for rural outdoor access, including proximity to Howe Caverns, local hiking trails, and small-town community parks.
The rental market is small and primarily composed of single-family homes; vacancy pressure is low due to limited inventory.
The local economy is driven by tourism, agriculture, and small-scale retail, with many residents commuting to larger employment centers in the Capital District.
Public transit is virtually non-existent; the area is served by rural state highways connecting to the I-88 corridor.
There are no major large-scale commercial or residential developments currently reported for this rural ZIP code.
Schoharie County utilizes a county-wide assessment system to determine property values for tax purposes.
Parcels are subject to school district taxes and county-level levies; no major MUDs or PIDs are present.
Property insurance markets are stable but sensitive to regional weather-related claims common in upstate New York.
New York is a judicial foreclosure state, requiring court intervention for the foreclosure process.
New York requires sellers to provide a property condition disclosure statement or pay a credit to the buyer at closing.
Data retrieved from US Census Bureau ZCTA profiles and local market reports.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
A major regional landmark and cave system that serves as a primary local attraction.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.