16803, State College, PA

The 16803 zip code of State College, PA has a median home value of $128,000 and a median home equity value of $116,000. These values are significantly higher than the national median home value of $77,500 and the national median home equity value of $101,800. The high home values in the 16803 zip code may be attributable to several factors including:

1. High levels of education and employment in the area. State College is one of Pennsylvania's most highly educated cities with a population that is well-educated as well. This leads to high demand for homes in the area and increased prices.

2. Low interest rates have helped to increase homeownership rates in the area which has led to increased demand for homes and increased prices. Homeowners who are able to get mortgages at low interest rates are more likely to purchase a home than those who cannot get mortgages at low interest rates or who must pay higher interest rates on their mortgages because they have less money available for down payment or other expenses associated with buying a home.

3. The availability of affordable housing options in the area has been limited which has contributed to high prices for homes in the 16803 zip code. There are not many affordable housing options available in State College which may lead some people looking to buy a home in this area to be unable to do so due to their budget constraints or because they do not meet certain requirements such as having good credit history or being able to afford a large down payment on their house.