How much is a home worth in ZIP code 12538?

The typical home in 12538 is worth $403,087, based on the Zillow Home Value Index.

Are home values rising in 12538?

Home values in 12538 are up 4.1% over the past year, and up 6.7% a year over five years.

What is the typical rent in 12538?

A typical home in 12538 rents for about $2,167 a month, a gross rental yield of 6.5%.

What is the property tax rate in 12538?

The effective property tax rate in 12538 is 1.8% — roughly $7,382 a year on a typical home.

ZIP code 12538 has a population of 14,391 and a median household income of $86,230.

HousingHandbookReference data

…

U.S. ZIP Code · NY12538

Dutchess County · Kiryas Joel-Poughkeepsie-Newburgh, NY

Typical home value

$403,087^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.1%
5-year / yr: +6.7%
10-year / yr: +7.6%

Relative price

vs U.S.: +41.9%
vs metro: -17.9%
vs state: +26.5%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 12538 is worth $403,087 — 17.9% below the Kiryas Joel-Poughkeepsie-Newburgh, NY median. Over the past year, values have risen 4.1%. Homes here rent for a typical $2,167 a month — a 6.5% gross rental yield. The effective property tax rate is 1.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,167^[2]
Gross yield: 6.5%^[2]
Cap rate: 3.9%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.8%^[3]
Typical annual tax: $7,382^[3]

#Climate risk

FEMA National Risk Index ratings for Dutchess County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Relatively Moderate
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 14,391^[3]
Median household income: $86,230^[3]

#Migration

Household moves in and out of Dutchess County over a year, from IRS tax-return data.

Net migration: -535^[5]
Moved in: 6,910
Moved out: 7,445

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 3
Middle: 1
High: 1

FRANKLIN D ROOSEVELT SENIOR HIGH SCHOOL
High · Grades 9–12 · HYDE PARK CENTRAL SCHOOL DISTRICT
1,138 students
HAVILAND MIDDLE SCHOOL
Middle · Grades 6–8 · HYDE PARK CENTRAL SCHOOL DISTRICT
750 students
NORTH PARK ELEMENTARY SCHOOL
Elementary · Grades K–5 · HYDE PARK CENTRAL SCHOOL DISTRICT
467 students
RALPH R SMITH SCHOOL
Elementary · Grades K–5 · HYDE PARK CENTRAL SCHOOL DISTRICT
358 students
NETHERWOOD SCHOOL
Elementary · Grades K–5 · HYDE PARK CENTRAL SCHOOL DISTRICT
291 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.5%

Net yield (after ~40% expenses)3.9%

Annual rent$26,000

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,038

Loan principal$322,469

Down payment$80,617

Total interest paid$411,292

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.38

Monthly cost to own$2,989

Monthly rent$2,167

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 26th percentile^[1]
Rental yield: 63rd percentile^[2]
Property tax: 44th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 12538?: The typical home in 12538 is worth $403,087, based on the Zillow Home Value Index.
Are home values rising in 12538?: Home values in 12538 are up 4.1% over the past year, and up 6.7% a year over five years.
What is the typical rent in 12538?: A typical home in 12538 rents for about $2,167 a month, a gross rental yield of 6.5%.
What is the property tax rate in 12538?: The effective property tax rate in 12538 is 1.8% — roughly $7,382 a year on a typical home.
Who lives in 12538?: ZIP code 12538 has a population of 14,391 and a median household income of $86,230.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

12550 vs 12538 →
Orange Lake CDP, NY
Typical home
$394,903
Gross yield
6.0%
12522 vs 12538 →
Dover Plains CDP, NY
Typical home
$411,333
Gross yield
—
10928
West Point CDP, NY
Typical home
$411,871
Gross yield
10.3%
10925
Greenwood Lake, NY
Typical home
$411,903
Gross yield
—
12586
Walden, NY
Typical home
$414,786
Gross yield
—
12592
Wassaic CDP, NY
Typical home
$414,907
Gross yield
—

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#Jump to section

U.S. ZIP Code · NY12538

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