16404, Centerville, PA

Centerville is a small town located in Lancaster County, Pennsylvania. The population of Centerville was 6,821 as of the 2010 census. The median home value in Centerville was $122,000 as of the third quarter of 2016. Home equity is an important part of many people's lives and can be a source of security and stability.

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage or other loan obligations. In Centerville, home equity has been growing at a steady rate over the past few years. In 2016, the median home value was $122,000 which represented an increase from $110,000 in 2015 and $102,500 in 2014 (Zillow). This growth indicates that homeowners are benefiting from increased demand for homes in Centerville and are able to borrow more money to purchase homes than ever before.

The 16404 zip code has seen strong growth in both home values and home equity over the past few years. According to Zillow's analysis, this zip code has seen an average annual growth rate of 5% since 2013 (Zillow). This strong growth indicates that there is high demand for homes in this area and that homeowners are able to borrow more money to purchase homes than ever before. As long as there is continued demand for homes in this area and borrowers can afford to pay back their loans, home equity will continue to grow at a rapid pace.