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Hammondsport village, NY

ZIP 14840 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 14840

Median Home Value
$223,200
Median Rent
$634
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,434/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

29.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 14840 in Hammondsport village, NY, a household would need roughly $61,000 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 $1,434. That sits below the local median household income ($84,663), 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.

Housing Tenure

Vacancy rate 57% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.3%+33% vs US avg
x
Vacancy Rate
56.6%+450% vs US avg
x
Broadband Access
86.1%-1% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
6.6%-49% vs US avg
x
Built Post-2014
0.7%-91% vs US avg
x
Rent Burden >30%
11.8%-76% vs US avg
x
Mortgage-Free
64.1%+68% vs US avg
x
$223,200
Home Value
$634
Rent
1962
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached84.4%
  • 1-unit attached0.0%
  • 2-9 units4.8%
  • 10+ units1.2%
  • Mobile home & other9.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$223,200
Median rent$634
Owner-occupied87.3%
Vacant56.6%
Price-to-income2.6x
Est. income to buy$61,000