15037, Elizabeth, PA

The 15037 zip code of Elizabeth, PA has a median home value of $151,900 and a median home equity value of $119,000. These values are significantly lower than the statewide median home value of $217,500 and statewide median home equity value of $165,000. The 15037 zip code also has a significantly lower homeownership rate than the statewide homeownership rate of 66%.

The primary reasons for the low home values in the 15037 zip code are likely due to its low homeownership rate and lack of available housing stock. The lack of available housing stock may be exacerbated by the recent economic recession which has caused many people to lose their homes or face foreclosure. Additionally, the low homeownership rate may be due to factors such as high levels of student loan debt or limited income opportunities in this area.

Despite these factors, there are some hopeful signs that suggest that the home values in the 15037 zip code will eventually increase. First, there is an increasing demand for housing in this area due to population growth and increased job opportunities. Second, there is potential for new development in this area which could lead to an increase in available housing stock. Finally, although prices have decreased significantly compared to other areas within Pennsylvania, they remain relatively stable when compared over time (which suggests that they may rebound eventually).