14903, Elmira, NY

The 14903 zip code of Elmira, NY has a median home value of $122,000 and a median home equity of $101,000. This means that the majority of homes in this zip code are worth more than their original purchase price, but less than the amount of money that would be required to completely pay off the mortgage on the property. In addition, there is a significant number of homes in this zip code that are worth more than twice their original purchase price.

There are several factors that contribute to the high home values in the 14903 zip code of Elmira. First and foremost, Elmira is located in upstate New York which is one of the most desirable areas to live in America. Second, Elmira has a strong economy which has led to an increase in both home prices and home equity values over the past few years. Finally, there is a scarcity of available housing stock in this area which has driven up prices even further.

While it is important to keep in mind that these high home values do not mean that everyone living in the 14903 zip code can afford to buy a house outright, they do represent an opportunity for those who are looking for affordable housing close to major cities and with good economic prospects.