17517, Denver, PA

The 17517 zip code of Denver, PA is located in the northeast corner of the state. The zip code has a population of around 104,000 and an average household income of $75,000. Home prices in this zip code have increased significantly over the past few years, reaching a median price of $269,900 in August 2017. This is much higher than the statewide median home price of $174,500 and indicates that there is strong demand for homes in this area.

One reason for this high demand may be that many people who live in the 17517 zip code commute to work in downtown Denver or nearby cities such as Aurora or Broomfield. These commuters are likely looking for homes near their jobs that offer good access to public transportation and amenities such as grocery stores and parks. Additionally, many people who live in this area are young professionals who are looking for affordable housing close to their job sites.

Despite these positive factors, there are some risks associated with buying a home in the 17517 zip code. One risk is that interest rates could rise over time and make it more expensive to borrow money to purchase a home. Another potential risk is that the market could suddenly decline, causing prices to drop below what you paid for your home. If you are considering buying a home in this area, it is important to consult with a real estate agent who can help you assess these risks and determine whether now is the right time to buy a home in this area.