19380, West Chester, PA

West Chester, Pennsylvania is located in the 19380 zip code. The median home value in this zip code is $161,000. This means that the home equity in this area is relatively high. In fact, according to Zillow, the average home equity for homes in this zip code is $128,000. This means that homeowners have a significant amount of equity in their homes.

One reason why homeowners have a lot of equity in their homes is because West Chester has a low unemployment rate. According to the Bureau of Labor Statistics, the unemployment rate for West Chester was 3.5% as of May 2017. This low unemployment rate means that there are plenty of jobs available and people are able to afford to buy homes and invest in their home equity.

Another reason why homeowners have a lot of equity in their homes is because West Chester has a low foreclosure rate. As of May 2017, the foreclosure rate for West Chester was 0%. This means that homeowners are able to keep their homes even if they do experience some financial difficulties. In addition, West Chester has a strong economy which helps keep prices high and allows homeowners to maintain or increase their home equity values over time.