16066, Cranberry Township, PA

The 16066 zip code of Cranberry Township, PA has a median home value of $146,000 and a median home equity of $101,000. This is significantly lower than the statewide median home value of $217,500 and statewide median home equity of $142,700. The 16066 zip code also has a significantly lower than average rate of homeownership at just 58%.

One potential explanation for the low home values in the 16066 zip code may be that there are relatively few homes for sale in this area. In fact, as of February 2019 there were only 36 active listings in the entire zip code. This may be contributing to the low rate of homeownership as buyers may be reluctant to invest in a property that is not likely to become available for purchase anytime soon.

Despite the low rates of homeownership and home values, it is still possible to find affordable homes in the 16066 zip code. For example, one-bedroom apartments can typically be found for around $100 per night and two-bedroom apartments can typically be found for around $130 per night.