16137, Mercer, PA

The 16137 zip code of Mercer, PA is located in the southeastern corner of the state and includes portions of both Mercer County and Lawrence County. According to the 2010 census, the population of this zip code was 10,876. The median household income in this zip code was $50,938, which is significantly higher than the statewide median household income of $49,445. The home equity and home prices in this zip code are both very high compared to other areas of Pennsylvania.

According to Zillow’s Home Value Index for Mercer County as of September 2017, the median home value in this county was $217,500. This is more than double the statewide median home value of $119,000 and well above both the national median home value ($177,700) and Pennsylvania’s average home value ($151,200). In fact, Zillow has ranked Mercer County as one of the top ten counties in America for home values. Similarly, according to Trulia’s Home Price Index for Lawrence County as of September 2017 ,the median home price in this county was $183,900 which is also more than double the statewide median home price ($102,000) and well above both Lawrence County’s average annual growth rate (3%) and Pennsylvania’s annual growth rate (2%). As a result ,the 16137 zip code within Mercer County has some of the highest home equity and home prices in all of Pennsylvania.

Despite these high values however ,there are still many homes available for sale within this zip code . According to MLSListings as of October 2017 there were 997 homes available for sale within this zipcode . This represents an availability rateof just under 20% ,which is much lower than either Mercer or Lawrence counties' availability rates (over 50% each). This suggests that despite high values ,the market conditions within this zipcode are relatively tight . In addition ,according to Realtor Magazine's 2018 National House Price Survey there have been no significant changes in house prices withinthis area over recent years . Therefore ,it seems likely that prices will continue to rise rapidly within thiszipcode over time unless there are unforeseen economic or political events that cause a downturn .