Zip Code:

15601, Greensburg, PA

15601 is a Pennsylvania Zip code within the city of Greensburg and the county of Westmoreland County. Its population is roughly 56,955.

The Real Estate Market in the 15601 Zip Code of Greensburg, PA.

The 15601 zip code of Greensburg, PA is located in the heart of Pennsylvania's coal country and has been hit particularly hard by the decline in the coal industry. As a result, home prices in this zip code have declined significantly over the past several years. In fact, as of March 2016, the median home price in this zip code was just $50,000 - nearly 50% below its peak value of $87,500 back in 2007.

Despite these steep declines, there are still a number of homes for sale in this zip code - albeit at much lower prices than they were just a few years ago. In fact, as of March 2016 there were 49 homes for sale in this zip code - an indication that there are still some buyers interested in purchasing property here.

However, it's worth noting that home equity values have also declined significantly over the past few years - meaning that buyers who are looking to purchase a home here will likely need to come up with a significant down payment (in some cases up to 80%). This is especially true given the current low interest rates environment.

Price Index: Pittsburgh, PA

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