15905, Johnstown, PA

The 15905 zip code of Johnstown, PA has a median home value of $119,000 and a median home equity value of $111,000. This is lower than the Pennsylvania median home value of $158,500 and the national median home equity value of $142,200. The 15905 zip code also has a lower than average homeownership rate of 59%.

There are several factors that may contribute to the low home values in the 15905 zip code. One reason may be that this area has been hit hard by the recession. Many people who were in the market to buy homes have been unable to do so because of decreased income or job losses. Additionally, there is a high level of foreclosures in this area which may have lowered the demand for homes and increased their prices.

Despite these challenges, there are some positive indicators for homeowners in the 15905 zip code. For example, there is a high level of population growth in this area which means that there will be more people looking to buy homes in the future. Additionally, many people who live in this zip code own their homes outright rather than having them mortgaged which may be another factor contributing to their higher home values.