16222, Dayton, PA

The Dayton, PA 16222 zip code has a population of around 101,000 people and is home to many families. The median household income in the 16222 zip code is around $60,000, which is lower than the national median household income of $57,617. However, the 16222 zip code does have a higher than average percentage of households earning over $100,000.

Home prices in the 16222 zip code have been increasing steadily for the past few years. In January of this year, the median home price was $152,500. This represents an increase of almost 10% from January 2016 when the median home price was $139,500. While there may be some local variation in home prices due to factors such as location and size of homes available for sale, it is clear that prices in this area are rising rapidly.

One reason for this rise in home prices may be that there are relatively few homes available for purchase in this area. In fact, according to Zillow’s 2018 Home Listing Report for Dayton-Springfield-Greenville (the “Zillow Report”), only 5% of homes currently listed for sale in the 16222 zip code are single family homes and only 3% are condos or townhouses. This scarcity of available housing may lead to increased demand and higher prices for properties located here.

Another potential factor contributing to rising home prices in the 16222 zip code is low interest rates. Since 2008 when rates began their long decline from near 20% to below 0%, mortgage rates have remained relatively low which has made buying a house more affordable overall – even if you don’t have a large down payment saved up already. As interest rates begin to rise again (and they likely will at some point), those with high loan-to-value ratios (LTVs) – meaning that their mortgage balances are high relative to their total assets – will feel more pressure to sell their homes because they will no longer be able to afford their monthly payments at current rates..