17062, Millerstown, PA

The 17062 zip code of Millerstown, PA is located in the Lehigh Valley region of Pennsylvania. The area has a population of around 30,000 and has a median household income of around $75,000. Home prices in the zip code have increased significantly over the past few years, reaching an all-time high of $269,900 in August 2017. This increase in home prices has led to a significant increase in home equity for residents in the area. As of September 2018, home equity accounts for 49% of total household wealth in the zip code.

One reason for this increase in home values is that the area has seen strong growth over the past few years. The economy in Pennsylvania as a whole has been strong since 2014, which has led to an influx of new residents into Millerstown and other areas nearby. Additionally, there is considerable demand for housing due to an aging population and increasing rates of unemployment. These factors have contributed to an increase in home prices across all markets throughout Pennsylvania.

Despite these positive factors, there are some challenges facing homeowners within the 17062 zip code. One issue is that interest rates have remained low since the financial crisis, which makes it difficult for people to afford monthly payments on their mortgages or other loans associated with buying or upgrading homes. Additionally, there is limited inventory available on the market due to high demand and tight restrictions on construction permits from local zoning authorities. As a result, homeowners who want to sell their homes often find it difficult to do so quickly and at a price that reflects their true value."