19148, Philadelphia, PA

Philadelphia, PA is a city with a rich history and culture. It has been home to many famous people, including Benjamin Franklin and Thomas Edison. The city is also known for its architecture, including the Philadelphia Museum of Art and the Philadelphia skyline.

Home equity is an important part of the American economy. Home equity refers to the value of a homeowner's home minus any outstanding loans on that home. Home prices are important indicators of the health of the housing market in a given area.

According to Zillow, as of May 2017, the median home price in Philadelphia was $188,900. This means that there is a wide range of prices in this zip code – from $0 to $388,900 – indicating that there is plenty of demand for homes in this area. In addition, Zillow reports that as of May 2017, 69% of all homes in this zip code were occupied – indicating strong demand for housing here.

One reason why home prices are so high in Philadelphia is because it has a strong economy. According to The Economist magazine, Philadelphia had one of the highest GDP growth rates in 2016 (4%). This strong economy means that people can afford to buy homes even if they don’t have much money saved up already. Additionally, Philly has low unemployment rates (3%) which helps keep wages high and allows people to afford more expensive homes without feeling too stretched financially.

Despite these positive factors, there are some risks associated with buying a home in Philadelphia right now: There could be another housing market crash like we saw during the Great Recession (2008-2009), or interest rates could go up which would make it harder for people to afford their homes outright or pay off their mortgages quickly enough. However overall it seems like homeownership remains an attractive option for many people living in this area – especially given how much value homeownership has added over time both economically and culturally speaking!