14840, Hammondsport, NY

Hammondsport, NY is located in the 14840 zip code. According to the 2010 census, the population of Hammondsport was 2,811. The median household income in the 14840 zip code was $62,527. Home equity and home prices in Hammondsport are important factors to consider when evaluating a potential home purchase or investment.

According to Zillow, as of March 2016, the median home value in Hammondsport was $142,000. This is significantly higher than the statewide median home value of $146,500 and well above the national median home value of $130,000. Additionally, as of March 2016, 97% of homes in Hammondsport were owner-occupied. This high percentage indicates that homeownership is a strong tradition in this community and provides stability for buyers and sellers alike.

One reason for Hammondsport's high home values is its low unemployment rate (3%). In addition, according to Trulia's analysis of recent sales data from January through March 2016*, Hammondsport has seen an increase in demand for homes compared to other nearby ZIP codes*. This suggests that there are many potential buyers interested in purchasing or investing in homes in this community.

*Source: Trulia