Phelps, NY—14532
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Phelps, NY
As of Oct '25, the median home price in Phelps, NY is $229,000, with a year-over-year change of 0.3%. This indicates that home prices in Phelps, NY are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $229,000 | 0.3% |
| Single Family | $229,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $184,000 | -1.1% |
3 Bed | $229,000 | -0.4% |
4 Bed | $262,000 | 1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Phelps, NY
Phelps, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Phelps, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Phelps, NY is 86. This is a increase of 83.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $209,000 | 8.0% |
Listing Count | 11 | -19.0% |
| Listings as % of Homes | 0.1% | -19.0% |
Days on Market | 86 | 83.0% |
Demographics — Phelps, NY
As of the latest ACS Survey released in 2023, Phelps, NY has a population of 3,930, which has decreased by -10.4% over the past 5 years. Phelps, NY is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,930 | -10.4% |
% Under 18 | 24.7% | 4.2% |
% Seniors | 16.9% | 19.0% |
% WFH | 12.2% | 2,950.0% |
% w/ College Degree | 22.6% | -0.9% |
As of the latest ACS Survey released in 2023, Phelps, NY is a predominantly white area, with 90.8% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Phelps, NY is hispanic, making up 7.1% of the population. Foreign-born residents account for 0.9% of the population in Phelps, NY, and this percentage has increased by 200.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.8% | -8.7% |
% Black | 0.6% | 200.0% |
% Hispanic | 7.1% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.9% | 200.0% |
Mortgage and Risk — Phelps, NY
According to HUD data as of 2023, there were 111 mortgage originations in Phelps, NY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Phelps, NY. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 111 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Phelps, NY
Phelps, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $950 |
| 2 Bedroom | N/A | N/A | $1,180 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,570 |
Affordability — Phelps, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $229,000 |
| Median Household Income | $71,700 |