17936, Gordon, PA

Gordon, PA is located in Adams County and has a population of just over 10,000. The zip code 17936 has a median household income of $60,000 and a median home value of $175,000. Gordon's home equity and home prices have increased significantly in recent years due to the strong economy and low interest rates.

In 2007, the median home value in zip code 17936 was $130,000. By 2016, the median home value had increased to $175,000. This represents an increase of 116%. During this same time period, the average annual rate of inflation for Gordon was 2%. Therefore, while Gordon's average household income only increased by 12%, the average home value grew by 116%.

One reason for this dramatic increase in Gordon's home values is that interest rates are currently very low. In 2007, the average interest rate on mortgages was 7%. By 2016, that number had decreased to 3%. Therefore, homeowners are able to borrow more money to buy homes than they would have been able to ten years ago. Additionally, Gordon's strong economy has led to an increase in demand for homes. Many people who were unable or unwilling to purchase homes before now are able to do so because of the high demand and low interest rates.

While there are some risks associated with buying a home in today's market (e.g., rising prices), overall it appears that homeownership remains a good investment option in Gordon ZIP code 17936.