15108, Coraopolis, PA

The Coraopolis, PA 15108 zip code is located in Allegheny County and has a population of approximately 21,000. The median household income in the 15108 zip code is $59,000 and the median family income is $68,000. Home prices in the Coraopolis, PA 15108 zip code have increased by an average of 9.5% over the past year. In addition, home equity values in the 15108 zip code have increased by an average of 18.8% over the past year.

There are a number of factors that may be contributing to the increase in home prices and home equity values in the Coraopolis, PA 15108 zip code. Some of these factors include: low unemployment rates (4.7%), strong economic growth (2nd highest GDP growth rate in Pennsylvania), low interest rates (3rd lowest interest rate nationally), and limited inventory availability (most homes for sale are already occupied).

While there are many reasons why home prices and home equity values have increased in the Coraopolis, PA 15108 zip code over the past year, there are also some risks associated with this trend. For example, if interest rates increase or if economic conditions weaken, then homeowners could experience a decline in their home values. Additionally, if there is a housing market crash or another recessionary period, then more homeowners could find themselves struggling to sell their homes at current prices or face foreclosure proceedings.