17235, Marion, PA

The 17235 zip code of Marion, PA has a median home value of $146,000. This is a decrease from the median home value of $157,000 in 2016. The decrease in home values can be attributed to the current market conditions and low interest rates.

Home equity is important for many people because it provides them with financial stability and allows them to use their homes as collateral for loans. Home equity can also be used to purchase other assets such as cars or properties.

There are a number of factors that affect home prices including interest rates, supply and demand, and local economic conditions. In general, when interest rates are low, there is an increased demand for housing because people can afford to buy more homes than they would if the interest rates were higher. This increase in demand causes prices to rise since there is more money available to spend on houses.

Another factor that affects house prices is the number of houses that are available for sale. When there are more houses available for sale, this will lower the price of each house since there are more competing buyers. Conversely, when there are fewer houses available for sale (due to a recession or other reasons), this will increase the price of each house since there are fewer competing buyers.

Local economic conditions also play a role in how much house prices change over time. For example, if there is an increase in jobs in a particular area then this will lead to an increase in house prices since people will have more money available to buy homes. Conversely, if there is an decrease in jobs then this will lead to a decrease in house prices since people will have less money available to buy homes