16730, East Smethport, PA

The 16730 zip code of East Smethport, PA has a median home value of $101,000 and a median home equity value of $111,000. These values are higher than the Pennsylvania median home value of $77,500 and the national median home equity value of $102,200. The 16730 zip code is also more expensive than the Pennsylvania median home value and the national median home equity value by a significant margin.

There are several factors that contribute to the high values in the 16730 zip code of East Smethport, PA. First and foremost, this area is located in an affluent region of Pennsylvania. Second, homes in this zip code are typically larger and newer than homes in other areas of the state or country. Finally, there is a high demand for housing in East Smethport due to its excellent schools and amenities.

Despite these factors contributing to high home values in East Smethport, there are some risks associated with owning a home here. For example, if interest rates rise significantly from their current levels or if the economy takes a downturn later on in this decade, homeowners could find themselves struggling to pay their mortgages or rent payments on time. Additionally, although prices have been increasing rapidly over recent years, they could eventually decline if demand decreases significantly or if new development projects do not materialize as expected.