15060, Midway, PA

The 15060 zip code of Midway, PA has a median home value of $136,000. This is a decrease from the median home value of $142,000 in 2017. The decrease in home values can be attributed to the current market conditions and the lack of available inventory.

Home equity is important for many reasons. It can provide a cushion during tough times and help people save for their future. Home equity also provides an important source of income for people who want to sell their homes or use it as collateral for a loan.

According to Zillow, the average rent in Midway is $1,050 per month which is higher than the national average of $1,020 per month. This indicates that there are plenty of potential homebuyers in this area despite the decreasing home values.

There are several factors that could contribute to the decreasing home values in Midway:

-The current market conditions: The market has been experiencing slow growth since 2016 and there is currently not enough available inventory to support prices at their previous levels.

-The amount people are able to borrow: Due to stricter lending criteria by banks and lenders, many people may not be able to purchase a house at or near their original list price due to increased borrowing costs.

-Changes in consumer behavior: People may be choosing other forms of investment such as stocks or bonds over buying houses because they believe that these investments will provide them with greater returns over time.