14905, Elmira, NY

The 14905 zip code of Elmira, NY has a median home value of $122,000 and a median home equity value of $134,000. The zip code has a population of around 10,000 people and there is an average of 2.5 homes per capita.

There are many factors that affect the home equity and home prices in any given zip code. Some of the factors that can influence these values include: the level of unemployment in the area, the amount of available housing stock, interest rates, and inflation rates.

In general, Elmira is a relatively affordable city to live in. The unemployment rate here is only 3%, which is lower than most other cities in upstate New York. Additionally, there are not many homes for sale in this zip code - only 1% - so competition for properties is low. This means that homeowners can usually get more money for their homes than they would if they were to sell them on the open market.

Another factor that affects home equity and home prices in Elmira is interest rates. Right now, interest rates are at historic lows (below 4%), which means that borrowers can get good deals on mortgages here. This makes it a good place to buy a house if you want to lock down your purchase before interest rates go up again later on in your mortgage term.