14462, Groveland, NY

Home Equity and Home Prices in the 14462 Zip Code of Groveland, NY

The zip code 14462 of Groveland, NY has a median home value of $183,500. This is higher than the statewide median home value of $146,600. The zip code also has a lower than average percentage of homes that are valued at less than $100,000. This indicates that there are more expensive homes in this zip code compared to other areas in New York. Additionally, the percentage of homes that are valued at over $1 million is high for this area. This may be indicative of the affluent population in this area or it could be due to the high demand for luxury real estate.

Despite having a high percentage of homes that are valued at over $1 million, the median home value is still lower than some other areas in New York. For example, the zip code with the highest median home value is Saratoga Springs with a value of $269,900. The zip code with the lowest median home value is Tompkins County with a value of $101,200.

There are several factors that may contribute to these different values for different ZIP codes across New York State. One factor could be how densely populated an area is and another could be how expensive land is within an area. It’s also important to consider things like taxes and insurance rates which can affect a homeowner’s bottom line when purchasing or selling their home