14011, Attica, NY

The 14011 zip code of Attica, NY has a median home value of $119,000 and a median home equity value of $111,000. These values are significantly lower than the statewide median home value of $218,500 and statewide median home equity value of $236,100. The 14011 zip code also has a significantly lower homeownership rate than the statewide homeownership rate of 63%.

One potential explanation for these low home values in the 14011 zip code is that this area is predominantly made up of rental properties. According to Zillow’s 2018 Rent Report, the average rent for a two-bedroom apartment in the Attica area is $1,090/month. This means that many potential homeowners in this zip code are unable to purchase or maintain a property due to high rental costs.

Another possible explanation for the low home values in the 14011 zip code is that there are relatively few homes available for sale in this area. According to Trulia’s 2018 Home Listing Data, there were only 97 homes listed for sale in the Attica area as of September 2018. This limited supply may be contributing to high prices and low availability rates for homes in this zip code.