16001, Butler, PA

The 16001 zip code of Butler, PA has a median home value of $128,000 and a median home equity value of $101,000. This is significantly lower than the national median home value of $217,500 and the national median home equity value of $142,700. The main reasons for this are likely the low population density in this zip code and the lack of significant job growth in Butler over the past several years.

Despite these factors, there are still a number of homeowners in the 16001 zip code who are benefiting from rising home prices. Over 60% of homeowners in this zip code have at least some equity in their homes, which is higher than the national average of 54%. Additionally, nearly half (47%)of homeowners in this zip code have more than double their original purchase price invested in their homes, which is also above average. These high levels of investment may be due to strong market conditions or simply good judgement on part of homeowners in this area.

Overall, it appears that many homeowners in the 16001 zip code are doing well financially despite current market conditions. While there may be some areas where housing values are lower than average relative to other parts of Pennsylvania or nationwide, most homeowners appear to be doing well by any measure.