17856, New Columbia, PA

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. Home prices are the price at which homes are sold in an area. Both home equity and home prices can change over time, depending on many factors including interest rates, inflation, and local market conditions.

In the 17856 zip code of New Columbia, PA, there was a median home value of $157,000 in 2016. This is up from $154,000 in 2015 and $145,000 in 2014. The average monthly payment on a 30-year mortgage in this zip code was $1,827 in 2016. This is down from $2,099 in 2015 and up from $1,711 in 2014. Over the past five years (2013-2016), the median home value has increased by 8%. The average monthly payment has decreased by 2%.

The 17856 zip code has seen steady growth over the past few years with both home equity and home prices increasing steadily. While there may be some fluctuations due to market conditions or other factors outside of homeowners' control (e.g., interest rates), overall homeownership rates have remained relatively stable over this time period which suggests that most buyers who are interested in purchasing a property within this zip code are able to do so at reasonable prices given current market conditions.