16049, Parker, PA

The 16049 zip code of Parker, PA has a median home value of $119,900 and a median home equity value of $106,000. The zip code has a population of about 10,000 people.

There are several factors that affect the home equity and home prices in the 16049 zip code. Some of these factors include the local economy, interest rates, and housing inventory.

The local economy is important because it affects how many people are looking to buy or sell homes. If there is an increase in jobs or businesses in the area, more people will want to buy homes because they will be able to afford them and they will see their equity grow over time. Conversely, if there is a decrease in the local economy, fewer people will be able to afford homes and their equity values will decline.

Interest rates are also important because they affect how much money homeowners can borrow against their homes' values. If interest rates rise (meaning borrowing costs go up), homeowners may be less likely to want to sell their homes because they may not be able to get as much money for them as they would if interest rates were lower. Conversely, if interest rates fall (meaning borrowing costs go down), homeowners may be more likely to want to sell their homes because they may be able to get more money for them than if interest rates were higher.

Housing inventory is also important because it affects how many houses are available for sale at any given time. If there are too many houses available for sale (meaning there is too much competition among buyers), then prices will tend to go up since there is more competition among sellers and buyers can't find what they're looking for (this is called "supply-and-demand"). Conversely, if there are not enough houses available for sale (meaning there is not enough competition among buyers), then prices will tend to go down since there isn't as much competition among sellers and buyers can find what they're looking for (this is called "supply-and-demand").