18708, Shavertown, PA

The 18708 zip code of Shavertown, PA has a median home value of $101,000. This is higher than the Pennsylvania median home value of $76,500. The 18708 zip code also has a lower than average home equity percentage of 44%. This means that there are more homes with a negative equity percentage than homes with a positive equity percentage in this zip code.

The average monthly mortgage payment for homes in the 18708 zip code is $1,521. This is higher than the Pennsylvania median monthly mortgage payment of $1,298. The 18708 zip code also has a higher than average interest rate of 4%. This means that it takes more money to borrow money to buy a home in this zip code than it does in most other Pennsylvania zip codes.

Despite these factors, homeownership rates in the 18708 zip code are still relatively high at 66%. This is higher than the Pennsylvania homeownership rate of 63%. There are several reasons why homeownership rates might be higher in this particular area including lower interest rates and low levels of unemployment.

Overall, despite some challenges related to affordability and interest rates, homeownership rates remain high in the 18708 zip code which may indicate that Shavertown residents are confident about their long-term prospects for owning a home.