19435, Frederick, PA

The 19435 zip code of Frederick, PA has a median home value of $217,000 and a median home equity value of $137,000. This is significantly higher than the national median home value of $181,500 and the national median home equity value of $130,000. The 19435 zip code also has a significantly higher than average percentage of homes with a mortgage at 97%. This indicates that homeowners in this area are more likely to have access to affordable financing options than most other areas in the country.

One reason for this high level of access to affordable financing may be the high level of home equity in this area. Homeowners in the 19435 zip code have an average home equity balance of over $137,000 which is significantly higher than the national average balance of just over $77,000. This indicates that homeowners in this area are very confident in their ability to maintain their homes and are not overly reliant on outside sources for financial stability.

Another factor contributing to the high level of home equity in this area may be the relatively low levels of foreclosure activity seen here compared to other parts of the country. For every 100 zip codes with at least 1 foreclosure filing during 2013, Frederick had just 0.5 filings which is far below the nationwide rate of 2 filings per 100 zip codes. This indicates that homeowners here are more likely to have stable and long-term mortgages which can help support high levels of home equity values.