ZIP Code 14723 — Cherry Creek CDP, NY Demographics & Data

ZIP code 14723 covers Cherry Creek, NY in Chautauqua County with a population of about 1,060.

At a glance, the area shows median age of 44.3 versus a U.S. median of about 38.9.

It sits in telephone area code 716; U.S. House district NY-23; the BUFFALO media market.

Median household income in ZIP 14723 is about $63,611 — about 15% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 24.0%; unemployment rate near 10.7%; 13.8% of adults with a bachelor’s degree or higher (about 19.9 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Healthcare, and Education; a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $101,900 — about 71% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $598 (about 49% below the U.S. median rent ($1,163)), and owner-occupancy near 93.0% (about 27.6 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 14723 in Cherry Creek, NY, a household would need roughly $28,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $655. That sits below the local median household income ($63,611), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Cherry Creek CDP, NY as Relatively Moderate (composite score 84.6), which is elevated versus much of the country. The strongest component scores on US5 are flood (91.3) and hurricane (68.8). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Cherry Creek CDP, NY show little to no average snow and around 41.1 inches of annual precipitation.

IRS migration statistics show a net inflow of about 46 for ZIP 14723 (Cherry Creek CDP, NY) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.