The story of this market
The typical home in ZIP 12175 sells for about $146,300, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 12175 — Summit
The housing market in 12175 is characterized by low inventory and slow turnover, typical of a rural, low-density area. Prices remain affordable compared to the broader Albany metro, with growth driven by steady demand for rural residential properties. Most metrics, including days on market and sales volume, reflect a quiet, stable market environment.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees or remote workers who prioritize affordability and space over proximity to urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 120 days on market with 7.5 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 15.8% · poverty 5.4% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 12175, Schoharie County, NY
Crime rates in the Summit area are generally low and stable, consistent with the rural character of Schoharie County.
Schools serving the area are part of rural district structures with limited local data, generally characterized by small class sizes.
The area is subject to standard rural New York climate risks, including winter storm exposure and localized flood risks in low-lying valley areas.
Economic momentum is limited, with the area primarily serving as a rural residential base rather than a hub for major corporate development.
Property taxes are levied by Schoharie County and local school districts, with rates reflecting rural service requirements and standard New York assessment practices.
Commutes are primarily car-dependent, with residents typically driving to employment centers in the broader Albany-Schenectady-Troy region.
Recreation is dominated by rural outdoor activities, including access to local state forests, hiking trails, and small-town community parks.
The rental market is thin with low turnover, primarily consisting of single-family homes rather than multi-family complexes.
The local economy is primarily agricultural and service-based, with most residents commuting to larger employment hubs in the Capital District.
Public transit is not available; the area relies entirely on private vehicle transportation via local and state highways.
There are no major commercial or residential developments currently approved or under construction in this rural ZIP.
Schoharie County utilizes a standard assessment regime based on market value, with periodic reassessments to maintain equity.
Parcels are subject to local school district taxes and county-level assessments for rural services.
Property insurance premiums are influenced by the rural location and distance from emergency services, with standard hazard coverage available.
Net domestic migration is stable, with modest interest from those seeking rural affordability.
New York is a judicial foreclosure state, requiring court intervention for all foreclosure proceedings.
New York requires a standard property condition disclosure statement from sellers, with a credit option if not provided.
Data retrieved from Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- NY RacePort4.812.3 mi
- Schoharie County Sunshine Fair4.28.9 mi
- Howe Caverns4.612.5 mi
- Mine Kill State Park4.89.8 mi
- Vroman's Nose Hiking Trail4.810.5 mi
- Iroquois Museum4.612 mi
- Max V. Shaul State Park4.77.6 mi
- Iroquois Museum4.612 mi
- Old Stone Fort Museum4.615.4 mi
- New York Power Authority Blenheim-Gilboa Visitor Center4.68.9 mi
- Historic Blenheim Covered Bridge4.68.4 mi
- Mine Kill State Park4.89.8 mi
- Vroman's Nose Hiking Trail4.810.5 mi
- Max V. Shaul State Park4.77.6 mi
- Iorio Park4.39.6 mi
- Loomacres Wildlife Management511.1 mi
- Cobleskill Golf & Country Club4.610 mi
- Price Chopper49.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large area for hiking and outdoor recreation.
Scenic rural landscape serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.