18105, Allentown, PA

The Allentown, Pennsylvania 18105 zip code has a median home value of $137,500 and a median home equity of $107,000. This is significantly lower than the national median home value of $217,500 and the national median home equity of $142,000.

There are several factors that may contribute to the low home values in the Allentown 18105 zip code. First, this area has experienced significant population decline over the past few decades. As a result, there are fewer homes available for sale and those that are for sale tend to be less expensive than similar homes in other parts of the country. Second, many homeowners in this area have taken out high-interest loans to purchase their homes. This debt can make it difficult for them to sell their homes if they decide they want to move or if prices decline significantly over time. Finally, many homeowners in this area have taken out mortgages that are not fully amortized yet - meaning that they still owe more on their mortgages than their homes are worth. As a result, these homeowners may be reluctant to sell their homes even if they would be able to find another buyer who was willing to pay more for them.