14894 — Chemung County, New York Market Snapshot
Housing market data for zip code 14894 in Chemung County, New York. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 2 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Chemung County county page for broader data.
Market Sales Data
2 sales in 2026 (year to date)
Median Sale Price
$82,534
Days to Sell
241
Homes Sold
2
Inventory
2
Conforming Loan Available
Most homebuyers in 14894 can comfortably use conventional financing. The median home price of $82,534 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 241 days on average, 14894 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Conforming Loan Feasibility
Most homebuyers in 14894 can comfortably use conventional financing. The median home price of $82,534 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 14894 are set at the county level.
2026 Loan Limits — Chemung County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 14894
To purchase the median home at $82,534 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $782.
Monthly Payment
$782
Income Required
$33,529
Principal & Interest
$509/mo
Down Payment (5%)
$4,127
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 14894.
Estimated Monthly Payment
$661
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