18109, Allentown, PA

The Allentown, PA 18109 zip code has a population of over 120,000 people and is located in the Lehigh Valley region. The median home value in the 18109 zip code is $162,500 which is significantly higher than the national median home value of $161,600. The average home equity in the 18109 zip code is $141,000 which is also significantly higher than the national average of $128,200.

There are a number of factors that contribute to the high home values in the Allentown, PA 18109 zip code. First and foremost, this area has a high concentration of affluent residents who are able to afford to purchase expensive homes. Additionally, there are a number of large corporations located within this zip code which also contributes to the high home values. Finally, there is a strong demand for housing within this area due to its proximity to major metropolitan areas such as Philadelphia and New York City.

Despite these positive factors, there are some challenges that face homeowners in the Allentown, PA 18109 zip code. One issue that frequently arises is foreclosure activity - particularly among lower-priced homes - which can lead to decreased home values. Additionally, although prices have increased significantly over recent years, they may not continue to rise at such an accelerated rate indefinitely due to increasing interest rates and other market factors.