16858, Morrisdale, PA

Morrisdale is a small town located in the 16858 zip code of Pennsylvania. The town has a population of just over 2,000 people and is situated in the heart of Pennsylvania’s coal country. Morrisdale was founded in 1853 and was originally known as Coal Hill. The town’s name was changed to Morrisdale in 1892 in honor of Colonel Lewis Morris, an American Revolutionary War hero.

The 16858 zip code has a median household income of just over $60,000 and a median home value of just over $190,000. This means that the majority of homes in the zip code are owned by middle-income families. However, there is also a significant number of homes owned by wealthy families who live in Morrisdale because it is located close to major cities such as Pittsburgh and Philadelphia.

The average home value growth rate for the 16858 zip code between 2000 and 2016 was 8%. This means that the median home value grew by almost $100,000 during that time period. In comparison, the average home value growth rate for all of Pennsylvania during that time period was 5%. Therefore, it can be said that homes in the 16858 zip code are much more expensive than homes across Pennsylvania as a whole.

One reason why homes in the 16858 zip code are so expensive is because they are located near major cities. Cities such as Pittsburgh and Philadelphia have been growing rapidly over recent years and have attracted many new residents who want to live near these large cities. As a result, housing prices have increased significantly near these cities – especially within the 16858 zip code – which has made homes here much more expensive than elsewhere in Pennsylvania.