18351, Portland, PA

The 18351 zip code of Portland, PA has a median home value of $153,000 and a median home equity of $106,000. This is higher than the national median home value of $123,700 and the regional median home equity of $92,500. The 18351 zip code also has a lower than average homeownership rate at just 54%. This is likely due to the high cost of living in Portland.

There are a number of factors that may contribute to the high home values in the 18351 zip code. The area is affluent and has a high demand for housing. Additionally, there is strong demand for single family homes due to the low homeownership rate and limited availability of multi-family units. Finally, there is a strong market for luxury homes in this area due to its proximity to downtown Portland and other major attractions.

Despite these factors, there have been some concerns raised about the long-term stability of the housing market in Portland. The high cost of living may make it difficult for people who are not wealthy or who do not have access to large amounts of debt to buy homes here. Additionally, there has been an increase in evictions and foreclosure rates in recent years which could lead to decreased demand for housing stock and decreased prices overall.