16415, Fairview, PA

The 16415 zip code of Fairview, PA has a median home value of $155,000. The home equity in this zip code is $41,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home price in this zip code has increased by 7% over the past year.

There are a number of factors that may contribute to the increase in home prices in this zip code. One reason could be that there is a high demand for homes in Fairview due to its proximity to both Philadelphia and Pittsburgh. Additionally, many people who live in Fairview are likely wealthy enough to afford a higher priced home than most other areas within Pennsylvania.

Despite the fact that home prices have increased significantly over the past year, it is important to keep in mind that they can still fall as well. For example, if there is an economic downturn or another housing market crash, then prices may decrease significantly across all ZIP codes within Pennsylvania.