The story of this market
The typical home in ZIP 12401 sells for about $379,416, or $215 per square foot.
Prices are down 11.4% from a year ago, which gives buyers more room to negotiate. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 12401 — Kingston
The Kingston housing market is currently experiencing a correction, with median prices down 11.4% year-over-year as inventory levels stabilize. Buyer demand remains selective, leading to a balanced market environment where homes are spending more time on the market compared to previous years. High interest rates and regional economic shifts are the primary drivers of this cooling trend.
This ZIP fits a mix of commuters, young professionals, and families attracted to the historic character and riverfront amenities. It is also a target for investors looking for renovation opportunities in a growing regional market.
Median prices moved down 11.4% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 12.4% — a stable, low-distress 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 8.5%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 12401, Ulster County NY
Crime rates in Kingston are generally higher than the national average, with property crime being the most frequently reported issue. The area experiences localized fluctuations, though it remains a primary urban center for Ulster County.
Schools in the Kingston City School District serve the area with a mix of ratings; performance varies significantly by individual school site.
The area faces moderate flood risks due to its proximity to the Hudson River and Esopus Creek. Insurance premiums are influenced by these regional water-related hazards.
Economic momentum is driven by the revitalization of the historic downtown and waterfront areas, attracting small businesses and tourism. Major employers include healthcare systems and local government.
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 primarily commute via I-87 (New York State Thruway) toward Poughkeepsie or Albany. Public transit options are limited, relying mostly on local bus services.
The area features extensive access to the Hudson River waterfront, the Kingston Greenline trail system, and numerous historic parks. Shopping and dining are concentrated in the Stockade and Rondout districts.
The rental market is tight with high demand, driven by the area's popularity as a regional hub. Short-term rental activity is regulated by city ordinances to manage housing availability.
The economy is anchored by healthcare, education, and tourism. The area serves as the county seat, providing a stable base of government employment.
The area is served by the New York State Thruway (I-87) and US Route 9W. Regional transit is provided by Ulster County Area Transit (UCAT).
Development is focused on adaptive reuse of historic buildings and new residential projects near the waterfront.
The Ulster County Real Property Tax Service Agency oversees assessment standards, while local assessors manage individual parcel valuations.
Parcels are subject to Kingston City School District taxes and various municipal utility districts for water and sewer services.
Property insurance costs are rising due to regional climate risks, particularly flood exposure in low-lying areas near the Hudson River.
New York State has experienced net domestic out-migration, though the Hudson Valley region has seen localized interest from urban relocators.
New York is a judicial foreclosure state, requiring court intervention for all foreclosure proceedings, which typically extends the timeline.
New York requires a comprehensive Property Condition Disclosure Statement from sellers, though a credit of $500 is often provided in lieu of the disclosure.
Data retrieved from data.census.gov ZCTA 12401 profiles.
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.
Historic district with dining, marinas, and river access.
A network of trails connecting neighborhoods and parks.
Significant historical landmark in the Stockade District.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.