19104, Philadelphia, PA

The 19104 zip code of Philadelphia, PA is home to a wide variety of housing options. There are single-family homes, condos, townhomes, and apartments available for purchase or rent. The median home value in this zip code is $157,500. Home equity in this area has been on the rise in recent years and there are many reasons why.

One reason for the increase in home equity is that the population of this zip code has been growing rapidly. The population of 19104 increased by 10% between 2010 and 2016, which means that there are more people looking to buy or rent homes here. Additionally, many people who live in this zip code have saved up money over time and are now able to purchase or rent a home without having to take out a loan.

Another reason for the increase in home equity is the low interest rates currently being offered on loans. Many people who want to buy or rent a home in 19104 can get a loan with very low interest rates thanks to the Federal Reserve's low interest rate policy. This policy has helped to stimulate the economy and make it easier for people to borrow money for other purposes as well, including buying or renting homes.

Overall, it seems that there are many reasons why home equity values have been on the rise in 19104 over recent years. If you're interested in buying or renting a home here, be sure to check out all of your options before making an decision - you may be able to get a great deal if you do!