How much is a home worth in ZIP code 14901?

The typical home in 14901 is worth $106,815, based on the Zillow Home Value Index.

Are home values rising in 14901?

Home values in 14901 are up 3.5% over the past year, and up 4.7% a year over five years.

What is the typical rent in 14901?

A typical home in 14901 rents for about $1,218 a month, a gross rental yield of 13.7%.

What is the property tax rate in 14901?

The effective property tax rate in 14901 is 2.1% — roughly $2,286 a year on a typical home.

ZIP code 14901 has a population of 13,970 and a median household income of $40,989.

HousingHandbookReference data

…

U.S. ZIP Code · NY14901

Chemung County · Elmira, NY

Typical home value

$106,815^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.5%
5-year / yr: +4.7%
10-year / yr: +5.5%

Relative price

vs U.S.: -62.4%
vs metro: -35.9%
vs state: -66.5%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 14901 is worth $106,815 — 35.9% below the Elmira, NY median. Over the past year, values have risen 3.5%. Homes here rent for a typical $1,218 a month — a 13.7% gross rental yield. The effective property tax rate is 2.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,218^[2]
Gross yield: 13.7%^[2]
Cap rate: 8.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 2.1%^[3]
Typical annual tax: $2,286^[3]

#Climate risk

FEMA National Risk Index ratings for Chemung County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Relatively Low
Tornado: Relatively Low
Earthquake: Very Low
Winter weather: Relatively Low

#Who lives here

Population: 13,970^[3]
Median household income: $40,989^[3]

#Migration

Household moves in and out of Chemung County over a year, from IRS tax-return data.

Net migration: -179^[5]
Moved in: 1,591
Moved out: 1,770

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 4
Middle: 0
High: 1

FINN ACADEMY: AN ELMIRA CHARTER SCHOOL
Elementary · Grades K–6 · FINN ACADEMY: AN ELMIRA CHARTER SCHOOL
394 students
THOMAS K BEECHER SCHOOL
Elementary · Grades 3–6 · ELMIRA CITY SCHOOL DISTRICT
344 students
DIVEN SCHOOL
Elementary · Grades PK–2 · ELMIRA CITY SCHOOL DISTRICT
329 students
FASSETT ELEMENTARY SCHOOL
Elementary · Grades PK–2 · ELMIRA CITY SCHOOL DISTRICT
305 students
ELMIRA PSYCHIATRIC CENTER
High · Grades 6–12 · NEW YORK STATE OFFICE MENTAL HEALTH (OMH)
8 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield13.7%

Net yield (after ~40% expenses)8.2%

Annual rent$14,610

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$540

Loan principal$85,452

Down payment$21,363

Total interest paid$108,989

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.67

Monthly cost to own$820

Monthly rent$1,218

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 14th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 79th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

4th for highest rental yield in NYView list →

Frequently asked

How much is a home worth in ZIP code 14901?: The typical home in 14901 is worth $106,815, based on the Zillow Home Value Index.
Are home values rising in 14901?: Home values in 14901 are up 3.5% over the past year, and up 4.7% a year over five years.
What is the typical rent in 14901?: A typical home in 14901 rents for about $1,218 a month, a gross rental yield of 13.7%.
What is the property tax rate in 14901?: The effective property tax rate in 14901 is 2.1% — roughly $2,286 a year on a typical home.
Who lives in 14901?: ZIP code 14901 has a population of 13,970 and a median household income of $40,989.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

14904 vs 14901 →
Southport CDP, NY
Typical home
$102,754
Gross yield
—
14894 vs 14901 →
Wellsburg, NY
Typical home
$156,996
Gross yield
—
14903
Big Flats CDP, NY
Typical home
$160,103
Gross yield
—
14872
Pine Valley CDP, NY
Typical home
$161,657
Gross yield
—
14861
NY
Typical home
$163,253
Gross yield
—
14825
NY
Typical home
$163,627
Gross yield
—

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#Jump to section

U.S. ZIP Code · NY14901

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