15042, Freedom, PA

Home Equity and Home Prices in the 15042 Zip Code of Freedom, PA

The zip code of 15042 in Pennsylvania has a median home value of $131,200. This is higher than the national median home value of $127,500. The zip code also has a lower rate of homeownership than the national average rate of 69%. This indicates that there are more homes for sale than there are homeowners.

The average home price in this zip code increased by 5% from 2016 to 2017. This is slower than the nationwide increase of 9%. The reason for this discrepancy could be due to different economic conditions across each state or due to local market conditions specific to Freedom, PA.

There are a total of 2,914 homes for sale in the 15042 zip code as of July 2018. Of these homes, 1,811 (56%) are currently occupied and 1,527 (44%) are available for purchase.

This indicates that there is an oversupply of housing units relative to demand within this zip code. In order to increase demand and drive up prices, it will likely take some time for current homeowners to sell their homes and for new buyers to enter the market.