17851, Mount Carmel, PA

Mount Carmel is a small town in southeastern Pennsylvania with a population of just over 10,000. Home prices in the 17851 zip code are significantly higher than the statewide average, and home equity is also high. This may be due to the fact that Mount Carmel is a desirable location, or because there is limited inventory available.

The median home price in the 17851 zip code was $181,500 in 2017. This was significantly higher than the statewide median of $147,500 and also higher than any other zip code in southeastern Pennsylvania. The average home value in Mount Carmel was $245,700, which was also significantly higher than the statewide average of $183,600 and any other zip code in southeastern Pennsylvania. Home equity values were also high: The median home equity value was $141,000 and the average home equity value was $171,200. These values are much higher than the statewide averages of $106,100 and $128,400 respectively.

There are several factors that may contribute to these high home prices and high levels of home equity in Mount Carmel. First and foremost is likely its desirable location: Mount Carmel is located within close proximity to both Philadelphia and Baltimore (both major metropolitan areas), making it an attractive option for people looking for a suburban lifestyle without having to deal with large city crowds or expensive housing costs. Additionally, there is limited inventory available for sale in Mount Carmel – as evidenced by the fact that house prices have been consistently increasing over time – which may make it more difficult for potential buyers to find a suitable property at an affordable price. Finally, residents of Mount Carmel may be more affluent than those living elsewhere in southeastern Pennsylvania – meaning they are more likely to be able to afford a larger house or more expensive property taxes – contributing further to elevated housing prices on account of increased demand from wealthier buyers