14901, Elmira, NY

Home Equity and Home Prices in the 14901 Zip Code of Elmira, NY

The 14901 zip code of Elmira, NY has a median home value of $101,000. This is lower than the statewide median home value of $177,500. The 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 62%.

There are several factors that could contribute to these differences in home values. One reason could be that the population in this zip code is older and may have more equity in their homes. Another reason could be that there are fewer homes for sale in this zip code relative to other areas of New York State. Finally, it's possible that Elmira residents are willing to pay more for homes due to its location and amenities.