17257, Shippensburg, PA

The 17257 zip code of Shippensburg, PA has a median home value of $144,000 and a median home equity of $101,000. This is significantly lower than the Pennsylvania median home value of $217,500 and the national median home equity of $146,200. The reason for this discrepancy is likely due to the fact that Shippensburg is located in a rural area with few homes for sale and a high percentage of homeowners who have taken out mortgages. Additionally, many people in this zip code are elderly or have low incomes which makes it difficult to qualify for a mortgage.

Despite these challenges, there are some homeowners in the 17257 zip code who are doing well financially. For example, there are several families who own multiple properties and make significant income from rental properties. Similarly, there are also a number of people who have taken out second mortgages or used other forms of financial assistance to purchase their homes. In spite of these exceptions, it is clear that most homeowners in this zip code struggle to achieve positive net worth growth over time.