15120, Homestead, PA

The 15120 zip code of Homestead, PA has a median home value of $164,200 and a median home equity value of $119,000. These values are significantly higher than the statewide median home value of $146,600 and statewide median home equity value of $106,100. This is likely due to the high concentration of affluent families in this zip code.

In addition to having a high median home value, the 15120 zip code also has a high concentration of homes with equity. Nearly two-thirds (64%) of homes in this zip code have equity compared to the statewide average of 54%. This indicates that many homeowners in this area are able to leverage their homes for financial gain.

Despite these positive trends, there are some caveats worth noting when examining home values and equity in the 15120 zip code. First, while the concentration of wealthy families is strong here, not all residents within this zip code are wealthy. In fact, nearly one-third (31%)of residents have incomes below the poverty line which puts them at risk for losing their homes if they cannot make mortgage payments or if prices decline significantly. Second, while most homeowners in this area have significant equity in their homes, there is still a significant number (24%)of homeowners who do not have any equity at all. This suggests that even among those who own homes here, there is potential for vulnerability should market conditions change negatively.