17948, Mahanoy City, PA

Mahanoy City, PA, is located in Schuylkill County and has a population of just over 27,000 people. The zip code 17948 has a median household income of just over $60,000 and a median home value of just under $200,000. Mahanoy City is one of the most affordable zip codes in Pennsylvania and has seen strong home equity growth over the past few years.

In 2017, the median home value in the 17948 zip code was $195,500 which was up 6.5% from 2016. Over the past three years (2015-2017), home values have grown by an average of 9%. This strong growth can be attributed to low interest rates and increasing demand for housing in Mahanoy City.

The average mortgage rate in Mahanoy City is currently 3.69%, which is below the statewide average of 4%. This low interest rate environment makes it very affordable for homeowners to borrow money to buy a house in Mahanoy City. Additionally, there are relatively few homes for sale in Mahanoy City compared to other areas of Pennsylvania. This tight supply of homes has helped drive up prices faster than inflation over the past few years.

While home values have been growing rapidly in Mahanoy City, there are still some neighborhoods that are struggling to keep up with inflationary pressures. In particular, areas near Route 309 and Route 222 have seen their home values decline by 2-3% annually since 2014 due to increased competition from nearby suburbs. However, overallMahany city remains one of the most affordable places to live and buy a house in Pennsylvania