16036, Foxburg, PA

The 16036 zip code of Foxburg, PA has a median home value of $147,000. The home equity in this zip code is $27,000 higher than the Pennsylvania median home value of $132,500. This means that the homeowners in the 16036 zip code are more likely to have more equity in their homes than other homeowners in Pennsylvania. Additionally, the average home price in Foxburg is about $2,000 higher than the statewide average price of $157,500. This indicates that there is a greater demand for homes in Foxburg than statewide.

There are several factors that may contribute to the high home equity and home prices in the 16036 zip code of Foxburg. First, Foxburg is located within a desirable area with access to many amenities and services. Second, many homeowners here have invested money into their homes over time through renovations or additions which has increased their value. Finally, there is a limited supply of homes available for purchase which has driven up prices.

Despite these positive factors, there are some challenges facing homeowners in the 16036 zip code of Foxburg. One issue is that interest rates are currently low which makes it difficult for people to borrow money to buy a house or invest into their home equity. Additionally, although Foxburg has seen an increase in population over recent years due to growth within its businesses and industries, there remains a lack of housing available for purchase within the city limits which could lead to further price increases if no new development occurs soon.