18087, Trexlertown, PA

The 18087 zip code of Trexlertown, PA, has a median home value of $119,000 and a median home equity value of $103,000. These values are higher than the national median home value of $77,500 and the national median home equity value of $101,200. The reasons for these high values in Trexlertown are likely due to its location in Montgomery County and its relatively low population density.

In terms of homeownership rates, the 18087 zip code has a rate of 68%. This is lower than the statewide rate of 76%, but higher than the national rate of 63%. This indicates that there is more demand for homes in Trexlertown than there are available homes. In addition, Trexlertown's low population density may contribute to its high homeownership rates. It is easier for buyers to find potential homes in a small town than it is in a larger city.

One factor that may have contributed to Trexlertown's high home values is its strong economy. The unemployment rate in Montgomery County was 3% as of May 2017, which was lower than the statewide unemployment rate (4%) and the national unemployment rate (3%). Additionally, Montgomery County had one of the lowest foreclosure rates in Pennsylvania as of March 2017. These factors may have led some people who would have otherwise been unable to buy a home to do so in Trexlertown instead.