18702, Wilkes Barre, PA

Wilkes Barre, Pennsylvania is located in the 18702 zip code. The median home value in this zip code is $128,000. Home equity in this zip code has increased by over 20% since 2007. In addition, Wilkes Barre's home prices have increased faster than the national average since 2007.

The main reasons for the increase in home equity and home prices in Wilkes Barre are likely due to a combination of factors including: low interest rates, an improving economy, and increasing demand from buyers and sellers. Low interest rates have encouraged people to borrow money to buy homes, and an improving economy has led to more jobs and higher wages which has led to more people being able to afford homes. Additionally, Wilkes Barre's location close to major cities like Philadelphia and Pittsburgh has made it a desirable place to live. As a result of these factors, Wilkes Barre's home values have continued to rise even as other areas of the country have seen their values decline or stagnate over the past few years.