17352, New Park, PA

The 17352 zip code of New Park, PA is located in Allegheny County and has a population of approximately 2,000. The median household income in the zip code is $60,000 and the median home value is $160,000. Over the past five years, home prices have increased by an average of 10%.

There are a number of reasons why home prices in the 17352 zip code have increased over the past five years. One reason is that New Park is a desirable location with plenty of amenities and opportunities for growth. The area has access to major highways and businesses, as well as ample recreational opportunities. Additionally, there are a number of new homes being built in this area which contributes to demand for housing.

Despite these positive factors, there are some potential risks that could impact home prices in the 17352 zip code over the next five years. One risk is that interest rates could rise which would make it more expensive to borrow money to purchase a home. Another potential risk is that there could be a decrease in demand for housing due to economic conditions or another factor. If this were to happen, then prices would likely decline over time.