17112, Harrisburg, PA

The Harrisburg, PA zip code 17112 has a population of approximately 106,000 people and a median household income of $50,000. The home equity and home prices in this zip code are both relatively high when compared to other areas of the United States.

According to Zillow, the median home value in the 17112 zip code is $187,500. This is significantly higher than the national median home value of $161,500. Additionally, the 17112 zip code has a homeownership rate of 68%, which is above the national homeownership rate of 62%. This indicates that there are a significant number of homes in this area that are owned by their occupants.

One reason why the home equity and home prices in the 17112 zip code are high is because there is a large number of affluent residents living in this area. The average household income in this zip code is $50,000, which is well above the national average household income of $53,046. In addition, there are a significant number of jobs located in and around Harrisburg, PA that provide good salaries. Therefore, many people who live in this area can afford to purchase a home even if their incomes are not as high as those who live elsewhere in the United States.

Another factor contributing to the high home values and homeownership rates in the 17112 zip code is that there is little competition for properties here. There are only about 2200 homes for sale within this zipcode at any given time (Zillow), which means that it will take quite some time for someone who wants to buy a property here to find one that meets their needs. Furthermore, many people who live in this area have been living here for years or even decades and they may be reluctant to sell their homes if they do not think they will be able to find another property that meets their needs at an acceptable price within reasonable distance from where they currently reside.