16611, Alexandria, PA

The 16611 zip code of Alexandria, PA has a median home value of $128,000. This is higher than the median home value of $119,000 for the United States as a whole. The 16611 zip code also has a high percentage of homeowners with equity in their homes - over 60%. This is higher than the national average of 53%.

One reason that the 16611 zip code has such high levels of equity is that it has a high percentage of families with children under 18 living in the area. Families with children are more likely to have enough money saved up to buy a house and have enough equity in their homes to protect them if something happened to their job or income.

Another factor that contributes to the high levels of equity in homes in the 16611 zip code is that there are relatively few single-family homes available for sale. Most houses here are multi-unit dwellings, which means that they are more likely to have multiple owners who each have an equal share in the property. This makes it easier for families to build up equity in their homes and protect them from economic downturns.