15697, Youngwood, PA

The 15697 zip code of Youngwood, PA has a median home value of $128,000. The home equity in this zip code is $48,000. This means that the typical home in this zip code is worth 2/3 of its original value. The average yearly increase in home values in this zip code is 3%.

The reason for the high rate of home equity growth in this zip code may be due to its relatively low population density and the fact that there are a lot of single-family homes here. Additionally, Youngwood is located within close proximity to both Pittsburgh and Philadelphia, which could also contribute to the high rate of home equity growth here.

Despite the high rate of home equity growth in this zip code, it's important to keep in mind that not everyone can afford to buy a house at or near its current market value. In fact, according to Zillow's 2018 Home Value Report, only 37% of households in this zipcode have enough money saved up to buy a median-priced house without taking on any extra debt.

Overall, the 15697 zip code of Youngwood appears to be doing well economically – with strong rates of home equity growth and low levels of unemployment – and it may be an excellent place for people looking for affordable housing options close to major metropolitan areas.