States › New York › Fulton County › ZIP 12078
ZIP code
ZIP 12078
Fulton County · Gloversville, NY · New York
FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. FHFA describes its ZIP code indexes as developmental: they may be revised as new data arrive or methods change, and the index does not give a dollar value for any home.
Fulton County, New York ZIP 12078 has 34 years of index history. Since 1992 the FHFA index has moved from 100 to 255, a change of +154.9%.
Over the ten years to 2025 the index rose +74.3%, about +5.7% a year: below Fulton County (+82.0%), below New York (+85.6%) and below the national index (+85.0%). The change over 2024–2025 was +3.8%.
By decade, the strongest was the 2000s (+56.4%) and the weakest the 2010s (+4.3%).
From its 2007 peak the index fell −12.3% to a 2013 low and regained the peak in 2021.
Building activity is measured at county level: Fulton County authorised 65 housing units in the 12 months to August 2026, 1.2 per 1,000 residents, 100% of them single-family.
Same span, five levels
| Change in the FHFA index | ZIP 12078 | Fulton County | Gloversville area | New York | United States |
|---|---|---|---|---|---|
| 1 year (2024–2025) | +3.8% | +10.6% | +10.6% | +6.0% | +2.8% |
| 5 years (2020–2025) | +63.0% | +59.8% | +59.8% | +51.9% | +47.0% |
| 10 years (2015–2025) | +74.3% | +82.0% | +82.0% | +85.6% | +85.0% |
| 20 years (2005–2025) | +89.8% | +95.9% | +95.9% | +78.4% | +79.1% |
| Since 2000 | +165.9% | +191.5% | +191.5% | +189.3% | +158.3% |
| Since 1992 | +154.9% | +194.8% | +194.8% | +253.0% | +241.7% |
| 10-year annualised | +5.7% | +6.2% | +6.2% | +6.4% | +6.3% |
| 20-year annualised | +3.3% | +3.4% | +3.4% | +2.9% | +3.0% |
Every column uses FHFA's annual all-transactions index family and the same start and end years, so the figures are directly comparable. A dash means the level has no index for that span.
Decade by decade
| Decade | Change | United States | |
|---|---|---|---|
| 2000s (2000–2010) | +56.4% | +29.7% | |
| 2010s (2010–2020) | +4.3% | +35.5% | |
| 2020s so far (2020–2025) | +63.0% | +47.0% |
FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1992 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1992 are not shown.
Peak-to-low declines
Falls of 5% or more from a previous high in the annual index, and the year the earlier peak was regained.
| Peak | Low | Decline | Peak regained |
|---|---|---|---|
| 1992 | 1997 | −12.8% | 2001 |
| 2007 | 2013 | −12.3% | 2021 |
Building permits in Fulton County
Permits are reported by county and by permit-issuing place, not by ZIP code. Housing units authorised in Fulton County, latest 12 months.
Housing units authorised in Fulton County by month, Sep 2025 to Aug 2026single-family2+ unit buildings
Full permit history and every city in Fulton County
Other ZIP codes in Fulton County
Ranked by ten-year change in the FHFA index; ZIP 12078 ranks 2 of 4 with an index through 2025.
| ZIP | 1 year | 10 years | Since 2000 | Index through |
|---|---|---|---|---|
| 12117 | +22.6% | +117.7% | — | 2025 |
| 12095 | +5.8% | +73.1% | +151.5% | 2025 |
| 12025 | −8.3% | +66.1% | — | 2025 |
All 4 ZIP codes in Fulton County
Questions and answers
How much have home values in ZIP 12078 risen over 10 years?
The FHFA house price index for 12078 rose +74.3% between 2015 and 2025, about +5.7% a year compounded. Over five years the change was +63.0% and over one year +3.8%.
How does 12078 compare with Fulton County?
Over the same ten years to 2025, Fulton County rose +82.0%, New York +85.6% and the United States +85.0%, against +74.3% for the ZIP. Among 4 ZIP codes in the county with an index through 2025, 12078 ranks 2 by ten-year change.
What happened to prices in 12078 after 2007?
The index peaked in 2007, fell −12.3% to its 2013 low and passed the earlier peak again in 2021. Nationally the fall was −21.3% from 2007 to 2012.
How many homes are being built in 12078?
Building permits are published by place and county, not by ZIP. Fulton County authorised 65 housing units in the 12 months to August 2026, −40.9% on the previous 12 months. The county page lists permits by month and by city.
Where does the index for this ZIP come from?
From the Federal Housing Finance Agency's annual five-digit ZIP code house price index (all-transactions), last updated March 31, 2026. FHFA labels the ZIP-level indexes developmental: they are calibrated on appraisal values and sales prices for mortgages bought or guaranteed by Fannie Mae and Freddie Mac, and may be revised. The index tracks price changes for the same homes over time; it does not give a dollar value for any home.
Provenance
Index: Federal Housing Finance Agency, annual house price index for five-digit ZIP codes (all-transactions, developmental), last updated March 31, 2026, values 1992–2025, public domain. County, state and national comparison series are FHFA's annual indexes for those levels from the same release. ZIP to county assignment uses the Census Bureau's 2020 ZCTA-to-county relationship file (largest land share); county to metro uses OMB's July 2023 delineations. Permits: Census Bureau Building Permits Survey through August 2026. Errors in processing are corrected at the next build; see corrections. FHFA HPI datasets.