19002, Ambler, PA

Ambler, PA is located in Montgomery County and has a population of just over 10,000. The 20002 zip code covers much of Ambler and includes areas like Ambler Heights, Ambler Township, and Whitehall. Home prices in the 20002 zip code have increased significantly over the past few years, reaching levels not seen since before the housing market crash.

The 20002 zip code has seen a significant increase in home equity values since 2012. At that time, home equity values were just above $200,000. Since then they have more than doubled to reach an estimated value of $400,000 as of early 2018. This increase is largely due to strong demand from buyers and limited supply of homes available for sale.

The average price per square foot for homes in the 20002 zip code is significantly higher than the national average. This high demand has driven up prices even further in some areas of the zip code, such as Ambler Heights where prices are now above $600 per square foot on average. In contrast, areas near major highways or commercial districts have seen lower prices due to competition from other buyers and limited supply.

Despite these high prices, homeownership rates remain high in the 20002 zip code. This is likely due to strong demand for homes combined with relatively low interest rates which make mortgages more affordable than they would be elsewhere in the country.