19013, Chester, PA

Chester, PA is located in Delaware County and has a population of approximately 110,000. The median household income in Chester is $86,000 and the median home value is $269,500. The average home equity in Chester is $145,700.

The 19013 zip code has a high home equity rate due to the high demand for housing in Chester. Over 60% of homes in this zip code are occupied and the average commute time to work is only 26 minutes. This high demand for housing has driven up the home equity rate in this area. Additionally, many homes in this zip code are owner-occupied which contributes to the high home equity rate.

Despite having a high home equity rate, there have been some recent concerns about the stability of the housing market in Chester. In March of 2019, there was a sharp decrease in house prices across all markets nationwide according to Zillow data1 . This decrease may be indicative of a potential market correction that could impact homeownership rates and home values across all markets nationwide. However, it remains to be seen how much impact this decrease will have on homeownership rates and home values within the 19013 zip code specifically.