15834, Emporium, PA

Home Equity in the 15834 Zip Code of Emporium, PA

The home equity in the zip code of 15834 is $236,000. This is a decrease from the previous year when it was $248,000. The average home value in this zip code is $209,500. This means that there are approximately 5 homes that have more than double the amount of equity as there are homes that have less than half of the equity.

Home Prices in the 15834 Zip Code of Emporium, PA

The average home price in this zip code is $209,500. This means that there are approximately 20 homes that have more than triple the amount of equity as there are homes that have less than half of the equity.

There are a few factors that could be contributing to this decrease in home equity and increase in home prices. One reason could be due to an increase in interest rates which would make it more expensive for someone to borrow money to purchase a home. Another reason could be due to an increase in demand for housing which would cause prices to go up faster than inflation rates would allow for. There has also been an increase recently in people buying second homes or vacation properties which may not be used as primary residences and may not generate income but still require a mortgage or loan which would add to overall demand and raise prices accordingly