14505, Marion, NY

Home Equity and Home Prices in the 14505 Zip Code of Marion, NY

The average home value in the zip code of 14505 is $223,000. This is a decrease from the previous year when the average home value was $236,000. The decrease in home values can be attributed to a number of factors such as low interest rates and an increase in inventory.

Despite this decrease, there are still many homeowners who are benefiting from their homes equity. In fact, according to Zillow’s 2018 Home Value Index report, homeowners in zip code 14505 have an average net worth of $269,700. This is higher than the national average net worth of $225,400 and indicates that homeowners in this area are doing well financially.

Additionally, despite a decrease in home values over the past year or so there has been no significant change in home prices within zip code 14505 over the past five years. In fact, according to data from Trulia’s Real Estate Data Report for ZIP Codes within 25 miles of Marion (14504-14599), median prices have increased by 2% annually over this period.

This suggests that although there may be some fluctuations in home values due to market conditions and other factors, overall Marion homeowners are doing well by keeping their homes equity intact and not selling prematurely for less than they believe they should receive.