19473, Schwenksville, PA

Schwenksville is a small town in Chester County, Pennsylvania, with a population of just over 2,000. The 19473 zip code covers the entirety of Schwenksville and includes both residential and commercial properties. Home equity in this zip code has been on the rise for the past several years, as prices have increased significantly relative to incomes.

According to Zillow’s data, home values in Schwenksville have increased by an average of 68% since 2012. This is much faster than the national average of 34% during that same time period. In fact, Schwenksville is one of only a handful of zip codes nationwide where home values have increased by more than 100%.

One reason for this rapid appreciation may be that Schwenksville is located within close proximity to Philadelphia and its many amenities. Additionally, there are a number of new developments underway in Schwenksville that are likely contributing to the high demand for housing here.

Despite these positive trends, there are still some risks associated with buying or owning a home in Schwenksville. For example, although prices have been increasing rapidly, wages haven’t kept pace – meaning that many people are spending more money than they earn on their homes. Additionally, there is always the risk that interest rates could go up at any time – which would lead to a decrease in value for homeowners who owe money on their mortgages.