16827, Boalsburg, PA

Home Equity and Home Prices in Boalsburg, PA

The 16827 zip code of Boalsburg, Pennsylvania has a median home value of $157,000. This is a decrease from the previous year when the median home value was $163,000. The percentage of homes with a value over $200,000 has increased from 5% to 10%. The percentage of homes with a value under $100,000 has decreased from 45% to 40%.

There are many factors that can affect home values including interest rates, market conditions and location. Over the past few years there have been several factors that have had an impact on home prices in Boalsburg. In 2015 there was an increase in demand for homes due to an influx of new residents and families moving into the area. This caused prices to go up as more people were willing to pay more for properties in the area. In 2016 there was a decrease in demand for homes as many people moved out of the area or decided not to purchase property because they were concerned about the future economy. This caused prices to go down as fewer people were willing to pay more for properties in the area.

Although there have been some fluctuations over the past few years, it is likely that home values will continue to rise and fall depending on market conditions and other factors. It is important for anyone looking to purchase or sell a property in this area to consult with their local real estate agent so they can get an accurate estimate of what their property is worth.