14706, Allegany, NY

The 14706 zip code of Allegany, NY has a median home value of $158,000. This is lower than the statewide median home value of $217,500. The 14706 zip code also has a lower than average percentage of homeowners with a mortgage at 66%. This is higher than the statewide percentage of homeowners with a mortgage at 63%.

There are several factors that could contribute to the lower home values in the 14706 zip code. One possibility is that there are fewer homes for sale in this area. Another possibility is that there are more homes for sale in other areas of New York State, which would drive up prices in those areas. It's also possible that some people who live in the 14706 zip code don't have mortgages and are instead paying off their mortgages with their home equity. Finally, it's possible that some people who live in the 14706 zip code don't want to buy a house because they think prices will continue to go down.