18840, Sayre, PA

The 18840 zip code of Sayre, PA has a median home value of $128,000. This is lower than the Pennsylvania median home value of $173,500. The 18840 zip code also has a lower than average home equity of $41,000. This indicates that many homeowners in the 18840 zip code are not able to use their home equity to purchase additional assets or pay down debt.

There are several factors that may contribute to the low home equity and home prices in the 18840 zip code. One reason may be that many homeowners in this area are unable to qualify for a traditional mortgage due to their low income or credit score. Another reason may be that there is a lack of available housing stock in this area, which could lead to higher prices and less availability for buyers.

Despite these challenges, there are some homeowners in the 18840 zip code who have been able to benefit from rising home values and increased equity over time. These homeowners may be able to use theirhome equity as collateral for a loan or use it as part of their down payment on a new house. In addition, some homeowners may choose to sell their homes at high prices if they believe that they will be able to recoup all or most of their investment within a short period of time.