ZIP Code 12040 — Cherry Plain, New York

The median home in 12040 is valued at $309,100 against a median household income of $55,682, a price-to-income ratio of 5.6. That is far above the 2.9 median across the 1,572 New York ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, though it is among the more attainable ratios in the state. Within Rensselaer County, 12040 ranks 26 of 26 ZIPs on affordability (1 = lowest ratio); the county median ratio is 2.6.

12040 ranks 1,393 of 1,572 statewide on median household income and 600 of 1,572 on median home value; its income is below the $90,583 Rensselaer County median. 100% of households own their home, above the 80% statewide ZIP median, making this a majority-owner ZIP. 14% of adults hold a bachelor's degree or higher, far below the 31% median, and the poverty rate is 31.0%, far above the 9.9% statewide ZIP median and among the highest in the state.

With 290 residents per square mile across 0.1 square miles of land, 12040 is denser than the statewide ZIP median of 197 (rank 696 of 1,572). This is rural or open territory where most of the land is agricultural, forest, desert or public land.