The story of this market
The typical home in ZIP 14781 sells for about $185,000, or $112 per square foot.
Prices are up +2.8% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $838 a month.
ZIP 14781 — Sherman
The housing market in 14781 remains stable with low inventory and modest price appreciation. Demand is driven by local buyers seeking affordability, though the limited supply keeps sales volume low.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle, affordable housing relative to regional hubs, and a strong sense of community.
Median prices moved up 2.8% year over year.
Homes spend a median of 68 days on market with 4.6 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 14.3% — a stable, low-distress 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 5.4%/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 3.3%/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 14781, 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 the Sherman area are generally low, consistent with rural Chautauqua County trends and significantly below national urban averages.
The area is served by the Sherman Central School District, which maintains a small-town educational environment with generally stable performance metrics.
The region faces moderate winter weather risks including heavy lake-effect snow, while flood risk is primarily localized to specific low-lying areas near creek beds.
Economic momentum is driven by local agriculture, small-scale manufacturing, and tourism related to the nearby Chautauqua Lake region.
Property taxes are levied by the town, county, and school district; the area benefits from New York's STAR exemption program for eligible primary residents.
Commutes are primarily car-dependent, with residents typically driving to employment hubs in Jamestown or Erie, PA, via local state routes.
Residents have access to local parks, proximity to Chautauqua Lake for seasonal water activities, and rural trails for hiking and snowmobiling.
The rental market is limited in depth, consisting mostly of single-family home conversions with low turnover and minimal short-term rental saturation.
The local economy is anchored by agricultural operations, small businesses, and regional service providers, with many residents commuting to larger industrial hubs in Chautauqua County.
Transportation is almost exclusively private vehicle-based, with limited public transit options connecting to the broader county network.
Development is largely focused on maintaining existing infrastructure and small-scale residential improvements rather than large-scale commercial expansion.
The Chautauqua County Real Property Tax Service Agency oversees assessments, which are generally updated periodically to reflect market value changes.
Parcels are subject to school district taxes, county taxes, and town-specific levies, with no major MUD or PID districts reported.
Property insurance premiums are influenced by regional winter weather exposure and the age of the housing stock.
New York State has experienced net domestic out-migration, though rural areas like Chautauqua County see more stable, albeit slow, population trends.
New York is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
New York requires a comprehensive Property Condition Disclosure Statement from sellers, or a credit to the buyer at closing.
Data retrieved from data.census.gov ZCTA-level tables.
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.
Local community park offering green space and recreational facilities.
Major regional destination for boating, fishing, and seasonal recreation located a short drive away.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.