19348, Kennett Square, PA

Kennett Square, Pennsylvania is located in the 19348 zip code. The median home value in Kennett Square is $147,000 and the median home equity is $128,000. Kennett Square has a population of approximately 9,500 people.

The average monthly mortgage payment for a house in Kennett Square is $1,827. The average monthly rent for a house in Kennett Square is $1,200. The unemployment rate in Kennett Square is 3%. The poverty rate in Kennett Square is 5%.

There are many factors that affect home prices and home equity. Some of these factors include interest rates, inventory levels, economic conditions, and local zoning laws.

Currently there are very few homes for sale in Kennett Square and the inventory level has been decreasing over the past year or so. This has led to an increase in home prices and home equity values over the past year or so.

The interest rates have also been affecting home prices and home equity values in Kennett Square over the past year or so. Interest rates have been going up over the past year or so which has made it more expensive to borrow money to buy a house or to refinance an existing mortgage loan.

Another factor that affects home prices and home equity values in Kennett Square are economic conditions. If there are major layoffs at a company located near Kennett Square then this could lead to an increase in unemployment rates which would then affect housing prices and housing equity values because unemployed people generally don’t have as much money available to spend on things like houses or cars. Economic conditions can also affect housing prices by causing people who want to buy a house but can't afford it right now to wait longer until they can afford it or by causing people who already own houses to decide they want to sell their houses rather than keep them because they think their house might not be worth as much as it was before economic conditions changed