15522, Bedford, PA

The 15522 zip code of Bedford, PA has a median home value of $128,000 and a median home equity value of $119,000. These values are higher than the Pennsylvania median home value of $117,500 and the national median home equity value of $106,200. The 15522 zip code is also above the national average for homeowners with a mortgage at 69%. This indicates that many residents in this zip code have access to ample amounts of credit to purchase homes.

The 15522 zip code is also located in an area with high home prices relative to other areas in Pennsylvania. According to Zillow’s Home Value Index (HVI), the 15522 zip code has a HVI score of 116 which is higher than both the Pennsylvania HVI score (107) and the national HVI score (103). This indicates that there is high demand for homes in this area and that buyers are willing to pay more for properties here than elsewhere in Pennsylvania or nationally.

One factor contributing to high home prices in the 15522 zip code is its proximity to major metropolitan areas such as Philadelphia and Pittsburgh. These cities have large populations and are known for their economic stability, which leads to increased demand for housing within their vicinity. Additionally, Bedford is located near several affluent suburbs such as Exton and Willow Grove which also contribute to elevated home values within this area.