19070, Morton, PA

The 19070 zip code of Morton, PA has a median home value of $137,000. This is higher than the Pennsylvania median home value of $117,500. The 19070 zip code also has a lower than average home equity ratio of 36%. This means that the homes in this zip code are worth less relative to their outstanding mortgages.

Morton is located in western Pennsylvania and is part of the Pittsburgh metropolitan area. The city has a population of about 20,000 and is known for its steel mills and other manufacturing businesses. Morton was founded in 1812 and was once the largest city in western Pennsylvania. Today, it is a smaller city with more suburban characteristics.

The 19070 zip code experiences high levels of home equity borrowing relative to other zip codes in Pennsylvania. This may be due to the fact that many homeowners here have access to good credit and are able to borrow against their homes at low interest rates. Additionally, Morton residents may be more likely to use their homes as collateral for loans or investments than people living in other parts of the state.

Despite these factors, there are still some homeowners who are struggling to pay off their mortgages in full. This may lead to increased levels of delinquency or foreclosure activity in this area over time. It will be important for policymakers and analysts tracking housing market trends in Pennsylvania to keep an eye on developments within the 19070 zip code