19087, Wayne, PA

The Wayne, PA 19087 zip code is located in the Philadelphia metropolitan area. The median home value in this zip code is $157,000 and the median home equity is $101,000. This indicates that there are a high number of homeowners in this zip code and a low number of borrowers who are using their home equity to finance purchases. This trend is likely due to the strong economy and low interest rates that have been in place for many years.

The majority of homeowners in this zip code are white and have at least a four-year college degree. They are generally middle-class families who have invested in their homes over time and see them as an important part of their wealth portfolio. Homeowners in this zip code are also relatively young – the average age is 41 years old – which may be indicative of the strong economy and stable housing market conditions that they enjoy.

While there has been some price growth within this zip code over time, it remains relatively affordable compared to other areas of Philadelphia. This may be due to the fact that there is a high concentration of families with children living here, which limits demand for luxury homes or properties on prime real estate parcels. Additionally, Wayne residents tend to stay put for long periods of time – only about one-third of households have moved within the past five years – which supports prices overall.