14877, Rexville, NY

The 14877 zip code of Rexville, NY has a median home value of $128,000 and a median home equity value of $113,000. This is significantly lower than the state median home value of $269,500 and the national median home value of $177,200. The 14877 zip code also has a low homeownership rate of just 36%, which is significantly lower than the statewide rate of 54% and the national rate of 63%.

There are several factors that may contribute to the low home values in the 14877 zip code. One reason may be that Rexville is located in one of New York's more rural areas. This could make it difficult for potential buyers to access good jobs and affordable housing options. Additionally, Rexville's population is aging rapidly, which could lead to fewer new homes being built and increased demand for existing homes. Finally, Rexville has experienced significant economic decline over the past few years, which could lead to decreased demand for property in this area.