18962, Silverdale, PA

The home equity and home prices in the 18962 zip code of Silverdale, PA, have seen a significant increase over the past few years. According to Zillow, the median home value in this zip code is $269,900, which is up from $214,500 in 2016. Additionally, the percentage of homes that are worth more than their original purchase price has also increased significantly. In 2016, only 37% of homes in this zip code were worth more than their original purchase price. However, as of 2019 this number has increased to 54%. This indicates that there is a high demand for homes in this area and that people are willing to pay a higher price for properties that are in good condition.

One reason why home values have increased so much in the 18962 zip code is because there are many desirable neighborhoods available. For example, Silverdale Village is located within this zip code and it has been ranked as one of the best places to live in Pennsylvania by Forbes magazine. Additionally, many other desirable neighborhoods such as Pinehurst Estates and The Villages are also located within this area. Therefore, it is not surprising that many people want to buy or rent properties in these areas.

Another reason why home values have increased so much in the 18962 zip code is because there are many new development projects underway. For example, The Villages at Silverdale development project will include 350 luxury apartments and condos when it is completed later this year. Furthermore, several other new development projects such as The Ridge at Silverdale and The Crossing at Silverdale will also add additional housing units to the market over time. Therefore, it seems likely that prices will continue to rise for properties located within this area over time.