17822, Danville, PA

The 17822 zip code of Danville, PA has a median home value of $129,900 and a median home equity value of $116,000. These values are significantly higher than the Pennsylvania median home value of $76,500 and the national median home equity value of $106,200. The 17822 zip code is also significantly higher than the statewide median home value of $77,500 and the national median home equity value of $105,800.

The 17822 zip code has a high concentration of homeowners with a mortgage worth more than 80% of their total household assets. This concentration is likely due to the high levels of home equity in this area. Additionally, there is a high concentration of homeowners who have paid off their mortgages or have no outstanding debt on their homes. This indicates that many residents in this zip code are able to afford to buy and live in their homes without having to worry about debt payments.

Despite these positive trends, there are some areas where the 17822 zip code could improve. For example, there is a relatively low concentration of homeowners who owe more on their mortgages than their homes are worth. This indicates that some residents may be struggling to keep up with their monthly mortgage payments despite having significant amounts of equity in their homes. Additionally, there is a relatively high concentration of homeowners who have taken out second mortgages or other types of loans to help them purchase or maintain their homes. This suggests that some residents may be over-extending themselves financially in order to maintain ownership over their homes