19026, Drexel Hill, PA

The 19026 zip code of Drexel Hill, PA has a median home value of $269,000 and a median home equity value of $158,000. This is higher than the Pennsylvania median home value of $157,500 and the national median home equity value of $177,200. The 19026 zip code also has a lower than average homeownership rate at just 54%. This is lower than the Pennsylvania homeownership rate of 63% and the national homeownership rate of 66%.

There are several factors that may contribute to the high home values in the 19026 zip code. First, Drexel Hill is located in one of Philadelphia's wealthier neighborhoods. Second, many homes in this area were built before 1990 which means they are likely older and have more sentimental value. Third, there is a high demand for housing in this area due to its proximity to both downtown Philadelphia and University City. Finally, there is a low supply of housing in this zip code due to restrictive zoning laws that prohibit new construction.

Despite these high values, there are some potential buyers who may be interested in purchasing a home in the 19026 zip code. First-time buyers may be able to afford homes here if they have good credit scores and enough savings up front. Additionally, people who are looking for moderately priced homes may find them here as well since most homes cost more than average but not as much as some other areas in Philadelphia.