14617, Rochester, NY

The 14617 zip code of Rochester, NY has a median home value of $129,900 and a median home equity value of $101,700. These values are higher than the national median home value of $77,500 and the median home equity value of $70,000. The 14617 zip code is also higher than the statewide median home value of $79,500 and the national median home equity value of $76,100.

The 14617 zip code has a high percentage of homeownership (84%) and a low percentage of renters (14%). This high homeownership rate is likely due to the presence of large universities in the area ( Rochester Institute Of Technology and University Of Rochester) as well as strong job market conditions. The low percentage of renters may be due to the availability of affordable housing in this area or because many residents commute long distances for work.

Overall, there is an above-average concentration of wealth in the 14617 zip code. This is likely due to strong job market conditions and high homeownership rates. Home prices have increased significantly over time, indicating that there is strong demand for property in this area.