The story of this market
The typical home in ZIP 14701 sells for about $71,000, or $65 per square foot.
Prices are down 29.7% from a year ago, which gives buyers more room to negotiate. Homes take about 77 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $784 a month.
ZIP 14701 — Jamestown
The 14701 housing market is currently experiencing significant downward price pressure, with median sale prices falling nearly 30% year-over-year. High inventory levels relative to sales volume and economic headwinds are driving a shift toward a buyer's market. While affordability remains a key feature, the market sentiment is cautious due to the rapid decline in values.
This ZIP is best suited for budget-conscious buyers, investors seeking high-yield rental properties, and those looking for an affordable cost of living in a historic, small-city setting.
Median prices moved down 29.7% year over year.
Homes spend a median of 77 days on market with 10.2 months of supply — a slower-moving market.
10% of listings have cut prices · homes sell at 95% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.9% · poverty 22.0% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 14701, Chautauqua County NY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Jamestown are generally higher than the national average, with property crime being the most frequently reported issue in the urban core.
Public schools in the area generally receive moderate ratings, with the Jamestown City School District serving the majority of the population.
The area faces moderate risks from winter weather events and localized flooding near the Chadakoin River, with standard insurance coverage typically available.
Economic momentum is driven by manufacturing and healthcare sectors, though the region faces challenges with population retention and aging infrastructure.
Property taxes are levied by the city, county, and school district, with rates reflecting the high cost of local government services relative to the low median home value.
Commutes are generally short due to the compact nature of the city, with most residents driving to local employment hubs; public bus transit is available but limited.
The area features access to the Chadakoin River, nearby Chautauqua Lake for boating, and several local parks, with shopping concentrated along the Fairmount Avenue corridor.
The rental market is characterized by high demand for affordable units, with a significant portion of the housing stock consisting of older multi-family conversions.
The economy is anchored by manufacturing, healthcare, and education, with major employers including UPMC Chautauqua and various industrial firms.
The city is served by a network of state routes and local bus lines, with limited regional rail connectivity.
Development is focused on adaptive reuse of historic buildings and downtown infrastructure improvements.
The Chautauqua County Real Property Tax Service Agency oversees assessments, which are generally updated periodically to reflect market changes.
Parcels are subject to city, county, and Jamestown City School District taxes, with no major MUD/PID districts reported.
Property insurance premiums are influenced by the age of the housing stock and regional weather risks, including heavy winter snowfall.
New York is a judicial foreclosure state, requiring court intervention for the foreclosure process.
New York requires sellers to provide a property condition disclosure statement or pay a credit to the buyer at closing.
Data retrieved from data.census.gov ZCTA 14701 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major cultural anchor celebrating the city's most famous resident.
Large municipal park offering sports fields and community space.
Regional destination for boating, fishing, and recreation located just outside the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.