14754, Little Genesee, NY

The 14754 zip code of Little Genesee, NY has a median home value of $128,000 and a median home equity value of $101,000. These values are significantly lower than the statewide median home value of $247,500 and statewide median home equity value of $142,700. This indicates that the residents in the 14754 zip code are more likely to be struggling financially than their counterparts in other parts of New York.

One possible explanation for this trend is that the residents in the 14754 zip code are more likely to be living in homes that are worth less than their mortgages. This is because there is a high concentration of low-income households in this area, which means that they are more likely to have mortgages that are worth less than the market value of their homes. In addition, there is a significant amount of foreclosures and short sales in this zip code, which means that there is a higher chance that homeowners will lose their homes to foreclosure or sale due to financial difficulties.

Despite these challenges, some homeowners in the 14754 zip code have been able to maintain their homes by refinancing or taking out new loans. Others have been able to sell their homes at a profit after experiencing financial difficulties. Overall, it appears that homeownership rates and home values in this area are declining relative to other parts of New York State.