Zip Code:

16866, Philipsburg, PA

16866 is a Pennsylvania Zip code within the city of Philipsburg and the county of Centre County. Its population is roughly 10,072.

The Real Estate Market in the 16866 Zip Code of Philipsburg, PA.

The 16866 zip code of Philipsburg, PA is located in the Allegheny Mountains region of Pennsylvania. The zip code has a population of just over 10,000 and an average household income of just over $60,000. Home prices in the 16866 zip code have increased significantly in recent years, reaching a median sales price of $163,500 in 2017. This represents a 119% increase from the median sales price of $75,000 recorded in 2006.

The main drivers behind this increase are likely attributable to several factors. First and foremost, the area has seen strong job growth over the past decade or so – which has led to increased demand for housing. Additionally, Philipsburg is located within close proximity to both Pittsburgh and Philadelphia – two major metropolitan areas with large populations and high levels of economic activity. Finally, there is significant investor interest in this particular area due to its strong historical performance indicators (low unemployment rates and low foreclosure rates). Taken together, these factors have led to robust home prices growth throughout the 16866 zip code over the past few years.

Price Index: State College, PA

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