14031, Clarence, NY

The 14031 zip code of Clarence, NY has a median home value of $129,900 and a median home equity value of $119,000. This is lower than the statewide median home value of $174,500 and the national median home equity value of $177,200. The 14031 zip code also has a lower than average homeownership rate at just 62.5%. This is lower than the statewide homeownership rate of 67.1% and the national homeownership rate of 69.2%.

There are several factors that may contribute to the low home values in the 14031 zip code. One reason may be that this area is not as affluent as other parts of New York State or the United States. Another reason may be that there are more foreclosures in this area than in other parts of New York State or the United States. Finally, there may be fewer homes for sale in this area because it is an older community with a high percentage of single-family homes.