18951, Quakertown, PA

The Quakertown 18951 zip code has a median home value of $128,000. The home equity in this zip code is $36,000. This means that the typical homeowner in this zip code has 36% of their home's value invested in their home equity. The average American homeowner has only 27% of their home's value invested in their home equity.

Quakertown 18951 is a medium-sized town located in Bucks County, PA. It has a population of just over 10,000 people and is considered to be a middle-class community. The majority of the residents are white and have college degrees or higher levels of education. There are also a significant number of families with children living in the town.

The average household income in Quakertown 18951 is around $85,000 per year which is above the national average but below the median household income for Bucks County, PA which is $101,500 per year. The percentage of households earning over $200,000 per year is lower than the national average but higher than the statewide average (25%) and countywide (21%) averages.

There are a number of factors that could contribute to why homeownership rates are lower in Quakertown 18951 than elsewhere in Pennsylvania or nationwide:

-There may be fewer opportunities for people with high incomes to buy homes here because there aren't as many expensive homes available for sale as there are elsewhere;

-Home prices may be lower here because there isn't as much demand from buyers compared to other areas;

-The cost of living may be higher here than elsewhere so people who earn relatively high incomes may not be able to afford to buy homes even if they can afford the mortgage payments;

-Or it could simply be that more people living in Quakertown 18951 choose not to own their homes because they think they can't afford them or they don't think they will appreciate in value over time like homeowners do on larger scales.