14814, Big Flats, NY

The 14814 zip code of Big Flats, NY has a median home value of $116,000. This is significantly lower than the statewide median home value of $269,500. The 14814 zip code also has a lower home equity percentage than the statewide average of 53%. This indicates that there are more homes in this zip code that are worth less than their original purchase price.

One possible explanation for this trend could be that there are more homes in the 14814 zip code that have been foreclosed on or are in some other stage of delinquency. These homes may not be able to sell at their original price due to the fact that they have been marked down by the bank or are just not as desirable as other homes in the area. Additionally, it is possible that there are fewer homeowners in this zip code who can afford to buy a home at its current market value. This could be due to low income levels, high unemployment rates, or some other factor.

Despite these factors, it is still important to keep in mind that there may be some homeowners who own their homes outright and who are able to sell them at their current market value. It is also important to note that even if a home does not sell at its original price, it may still be worth more over time if it remains healthy and well-maintained.