19319, Cheyney, PA

The 19319 zip code of Cheyney, PA has a median home value of $141,000 and a median home equity value of $87,000. These values are higher than the national median home value of $123,500 and median home equity value of $80,000. This indicates that the homes in this zip code are more valuable than average.

There are a number of factors that may contribute to the high values in this zip code. Some potential reasons include the close proximity to major metropolitan areas such as Philadelphia and Baltimore, as well as the availability of high-quality housing stock. Additionally, Cheyney is an affluent community with a high rate of homeownership (over 80%). These factors may lead to increased demand for homes in this area, which in turn drives up prices.

Despite these elevated prices, there is still some room for growth in this market. For example, while there is a high rate of homeownership in this area, it is possible that more people could become interested in purchasing homes if interest rates were to rise significantly from their current levels. Additionally, while many homes in this zip code are single-family dwellings (which tend to be more expensive), there is potential for development that would bring more affordable housing options into the market. If either or both of these things happen then prices could potentially decline over time.