18081, Springtown, PA

The 18081 zip code of Springtown, PA has a median home value of $161,000 and a median home equity value of $101,000. This is significantly higher than the national median home value of $157,500 and the regional median home equity value of $102,500. The high home values in this zip code are likely due to the affluent population and strong economy in this area.

In terms of homeownership rates, the 18081 zip code has a rate of 66% which is above the national homeownership rate of 63%. This indicates that many households in this zip code are owner-occupied rather than rental properties. Additionally, the percentage of households with mortgages is also above average at 34%. This suggests that many people in this area have access to ample credit to purchase homes.

One factor that may contribute to the high home values in this area is the low unemployment rate. The unemployment rate in Springtown was 3% as of September 2017 which is much lower than both the Pennsylvania statewide unemployment rate (4%) and national unemployment rate (3%). This indicates that there are plenty of jobs available for people looking to buy homes. Additionally, there is a strong economy present in Springtown which supports high housing prices.