14519, Ontario, NY

The 14519 zip code of Ontario, NY has a median home value of $187,000 and a median home equity value of $141,000. The 14519 zip code is located in the Southern Tier region of New York and has a population of around 30,000.

Over the past five years, the 14519 zip code has seen an increase in both home values and home equity values. In 2012, the median home value was $164,500 and the median home equity value was $128,500. Five years later in 2018, the median home value had increased to $187,000 and the median home equity value had increased to $141,000. This indicates that there has been an increase in both housing prices and housing equity values within this particular zip code over the past five years.

One reason for this increase in housing prices may be due to increasing demand from buyers and sellers alike. Over the past few years there have been many changes taking place within Ontario which could be contributing to an increase in demand for homes within this particular zip code. For example, there have been major expansions happening within nearby cities such as Ithaca and Syracuse which could be attracting new residents into Ontario who are looking for homes with good access to amenities such as schools and jobs. Additionally, technological advancements have made it easier for people to find information about properties they are interested in purchasing or selling- something that may have helped drive up demand for homes within this particular area over time.

Another possible reason why housing prices have increased over time within the 14519 zip code is due to low interest rates across all markets nationwide. Since 2008 when rates first began declining nationally (due to The Great Recession), rates across all markets (including those located in Ontario) have continued to decline which could be helping fuel increases in housing prices overall. Low interest rates make it more affordable for people who want to purchase a house or refinance their current mortgage - something that could lead more people into buying or selling homes within this specific area over time.