18944, Perkasie, PA

The 18944 zip code of Perkasie, PA has a median home value of $191,200 and a median home equity value of $119,000. These values are significantly higher than the statewide median home value of $146,600 and the national median home equity value of $142,700.

The 18944 zip code is also experiencing an increase in home prices compared to other nearby zip codes. The average sale price for homes in the 18944 zip code was over $260K in 2017, which is more than double the average sale price for homes in the neighboring 18954 zip code ($122K). This indicates that there is strong demand for housing in Perkasie and that buyers are willing to pay a premium for properties located here.

One potential explanation for this high demand is that Perkasie is located within close proximity to several affluent suburbs such as King Of Prussia and Cheltenham. These areas have a large population of wealthy residents who may be interested in purchasing property in Perkasie. Additionally, Perkasie has been designated as a desirable location to live by many major real estate companies due to its excellent schools and overall quality of life. This may also contribute to increased demand for homes in this area.