17360, Seven Valleys, PA

The 17360 zip code of Seven Valleys, PA has a median home value of $156,000 and a median home equity of $134,000. This is significantly higher than the national median home value of $123,600 and the regional median home equity of $111,200. The high values in the 17360 zip code are likely due to the presence of affluent families and affluent professionals in this area.

There is also a significant amount of homeownership in the 17360 zip code. Nearly two-thirds (64%) of households in this zip code own their homes, which is above the national homeownership rate of 62%. This high level of homeownership may be due to the strong economy and low levels of unemployment in this area. It may also be attributable to the generous mortgage rates available at the time that many homes were purchased decades ago.

Despite these high levels of homeownership and home equity, there are still some areas where housing is more affordable than elsewhere in Pennsylvania or nationally. The average monthly mortgage payment for a house in this zip code is $1,521 which is lower than both Pennsylvania's statewide average monthly mortgage payment ($1,812) and the nationwide average monthly mortgage payment ($1,935). Additionally, while housing prices have increased significantly over time in most parts of Pennsylvania, they have not increased as much as they have nationally or locally within the 17360 zip code. This suggests that there may still be opportunities for buyers who are looking for affordable homes within reach of excellent schools and amenities.