19383, West Chester, PA

The 19383 zip code of West Chester, PA, has a median home value of $145,000. This is significantly higher than the national median home value of $123,000. In addition, the home equity in this zip code is also much higher than the national average. Approximately 66% of households in this zip code have at least some equity in their homes. This is significantly higher than the national average of just over 50%.

One reason for this high level of equity may be that West Chester is a relatively affluent area. The median household income in this zip code is $93,400, which is above the national median household income of $59,500. Additionally, there are relatively few households in this zip code that owe more on their mortgages than their homes are worth. Only 2% of households in this zip code owe more on their mortgages than their homes are worth compared to a nationwide average of 5%.

There are several factors that could contribute to the high level of equity found in homes in the 19383 zip code. These include strong economic conditions and low levels of mortgage debt relative to house values. It will be interesting to see how these trends change over time as economic conditions and rates change and as new homeowners enter or exit the market.