18080, Slatington, PA

The 18080 zip code of Slatington, PA has a median home value of $142,000 and a median home equity value of $119,000. The 18080 zip code has a population of 2,853 people and a median household income of $60,000. Approximately 44% of the households in the 18080 zip code have children under the age of 18 living with them, which is lower than the Pennsylvania average of 54%. The majority (77%) of households in the 18080 zip code are owner-occupied while 23% are occupied by renters.

There has been an increase in home values over the past five years in the 18080 zip code. Between 2012 and 2016, home values increased by 16%. This is higher than the Pennsylvania average increase rate over this time period (10%). There is also evidence to suggest that there may be more demand for homes in this area due to its proximity to both Philadelphia and Harrisburg. This could be contributing to increased prices as well as an increase in inventory levels.

Despite these positive trends, it is important to keep in mind that there could be potential risks associated with buying or owning a home in this area. For example, although prices have been increasing recently, they may not continue doing so indefinitely or reach their peak value. Additionally, although many homeowners (44%) reside in Slatington full-time, there are also a significant number (27%) who reside here part-time or temporarily due to work obligations or other reasons. As such, it is important for buyers to consider whether they will be able to maintain their current residence if they purchase a home here and also whether they can afford any potential repairs or updates that may need to be made down the road.