19034, Fort Washington, PA

Fort Washington, PA is located in the 19034 zip code. According to the 2010 census, the 19034 zip code has a population of 10,898. The median household income in the 19034 zip code is $101,906. The median home value in the 19034 zip code is $308,000.

The average home equity and home prices in Fort Washington are above average when compared to other zip codes in Pennsylvania. Home equity and home prices in Fort Washington have increased significantly over the past several years. In 2008, the average home equity and home price was $269,000. By 2012, this figure had increased to $328,000. In 2013, it reached an all-time high of $348,000. As of May 2014, the average home equity and home price was $356,000. This represents a 29% increase from 2008!

One reason for this increase may be due to Fort Washington's strong economy. The unemployment rate in Fort Washington is below average (3%). Additionally, there are many businesses located in Fort Washington that provide jobs for residents. These businesses may be contributing to increased demand for homes and property values within the 19034 zip code area.

Another reason for increased home values may be due to low interest rates throughout much of Pennsylvania and nationwide during this time period (2008-2014). Low interest rates make it more affordable for people to borrow money to purchase a house or invest in a property through a mortgage or other loan product. As long as interest rates remain low (or decreasing), homeownership will continue to be attractive relative to renting or living in an apartment complex/condo/townhome setting