19139, Philadelphia, PA

The 19139 zip code of Philadelphia, PA has a median home value of $174,000. The home equity in this zip code is $127,000. This means that the homeowners in this zip code have a net worth of $51,000 more than the total amount owed on their mortgages. This is a significant advantage for homeowners in this zip code.

There are several factors that contribute to the high home equity values in the 19139 zip code of Philadelphia. First and foremost, the area is highly desirable due to its proximity to downtown and many major attractions. Additionally, many homes in this area were built before 1978, which means that they are typically larger and have more features than newer homes. Finally, the average commute time to work is only 25 minutes, which makes it easy for residents to get to their jobs.

Despite these positive factors, there are some challenges facing homeowners in the 19139 zip code of Philadelphia. One issue is that prices have been increasing faster than wages over the past few years, which has made it difficult for people who earn modest incomes to afford homes here. Additionally, there are not as many new homes being built in this area as there used to be; consequently, the number of available homes has declined over time and prices have increased accordingly.

Overall, homeowners in the 19139 zip code of Philadelphia enjoy a significant advantage when it comes to their home equity and home prices relative to other areas of Pennsylvania. While there are some challenges facing them now and in future years,, overall they remain very well-off compared with most other Pennsylvanians