16670, Queen, PA

The 16670 zip code of Queen, PA has a median home value of $128,000 and a median home equity value of $104,000. These values are significantly lower than the Pennsylvania median home value of $209,900 and the national median home equity value of $141,700. This indicates that the residents in this zip code are more likely to be struggling financially than other Americans.

One possible explanation for this trend is that the majority of homes in this zip code are owned by individuals rather than families. This means that there are a greater number of homes that are worth less than their original purchase price and fewer homes that have increased in value over time. Additionally, many homeowners in this zip code have taken out high-interest loans to finance their purchases, which has added to their debt burden.

Despite these challenges, some homeowners in the 16670 zip code have been able to make significant gains in their home equity values over time. This is likely due to factors such as strong economic growth or low interest rates, which have made it easier for them to pay off high-interest loans and save on monthly payments. In addition, some homeowners may be able to sell their homes at a higher price if they decide to move away from the area or if they experience a sudden increase in demand for housing stock.