19406, King Of Prussia, PA

The 19406 zip code of King Of Prussia, PA has a median home value of $236,000. The home equity in this zip code is $116,000. This means that the average homeowner in this zip code has a net worth of $142,000. This is a significant increase from the 2001 median home value of $128,000 and the 2007 median home value of $157,500.

There are several factors that have contributed to the increase in home values in this zip code. One reason is that King Of Prussia has seen an influx of families and professionals who are looking for suburban living without sacrificing quality of life. Additionally, many homes in this area were built before the recession and have not seen significant price decreases since then. Finally, there is strong demand for housing due to its proximity to Philadelphia and other major cities.

Despite these positive trends, there are some areas where prices may be less stable than others. For example, older homes located near busy streets may see more rapid price increases than newer homes located further away from traffic congestion or within gated communities. Additionally, while prices generally trend upwards over time, there can be large fluctuations from year-to-year which can make it difficult for buyers or sellers to predict what prices will be like at any given time.