16105, New Castle, PA

The 16105 zip code of New Castle, PA has a median home value of $119,000 and a median home equity value of $101,000. These values are higher than the Pennsylvania median home value of $106,500 and the national median home equity value of $117,200. The 16105 zip code is also higher than the statewide median home value of $107,200 and the national median home equity value.

The 16105 zip code has a lower homeownership rate than both Pennsylvania and the nation. In 2016, the homeownership rate in the 16105 zip code was 66.4%, which is lower than both Pennsylvania's 75.1% homeownership rate and the nation's 67.6% homeownership rate. Additionally, while both Pennsylvania and the nation have seen an increase in renter households over recent years, New Castle has seen a decrease in renter households over this time period - from 17% to 14%. This indicates that more people in the 16105 zip code are owner-occupiers than renters.

The high level of home values in the 16105 zip code may be due to several factors: strong economy (due to jobs and wages), low levels of crime (compared to other areas), low levels of poverty (compared to other areas), good schools (in comparison to other areas), low levels of commute time (compared to other areas).