19064, Springfield, PA

The 19064 zip code of Springfield, PA has a median home value of $137,500. This is significantly lower than the Pennsylvania median home value of $217,500. The 19064 zip code also has a low home equity rate of just 5.4%. This indicates that many homeowners in this area are not able to use their home equity to improve their overall financial situation. In addition, the average monthly mortgage payment for homes in this zip code is $1,827 which is above the Pennsylvania average of $1,542. These high monthly payments may be contributing to the low home equity rate in this area.

Despite these challenges, there are some positive trends associated with homes in the 19064 zip code. The majority of homes in this area were built between 1990 and 1999 which means they are likely newer and have greater potential for growth than older homes. Additionally, there is a large concentration of rental apartments and other types of housing near downtown Springfield which could help to increase demand for housing and drive up prices over time.