16802, University Park, PA

The 16802 zip code of University Park, PA has a median home value of $237,000 and a median home equity of $128,000. This is a relatively high median home value and median home equity when compared to other zip codes in Pennsylvania. The 16802 zip code is also relatively affluent when compared to other zip codes in Pennsylvania. The percentage of households earning over $100,000 is above the state average and the percentage of households earning over $200,000 is above the state average. These factors may contribute to the high median home value and median home equity in the 16802 zip code.

The 16802 zip code has a relatively low unemployment rate when compared to other Pennsylvania zip codes. The unemployment rate for the 16802 zip code was 3.5% in December 2016 which is below the statewide unemployment rate of 4.1%. This may be due to University Park's strong economy which includes many well-paying jobs in industries such as technology, healthcare, and business services.

The16802 zip code has seen an increase in house prices over the past few years. In January 2017, house prices were 2% higher than they were at this time last year. House prices have increased by an average of 7% each year since 2013 which suggests that there are plenty of potential buyers in the 16802 zip code who are willing to pay higher prices for homes than they were previously paying.