16218, Cowansville, PA

The 16218 zip code of Cowansville, PA is located in the Cumberland Valley region of Pennsylvania. The zip code has a population of approximately 5,000 and an average household income of $60,000. The median home value in the 16218 zip code is $166,500.

There has been a significant increase in home equity and home prices in the 16218 zip code over the past few years. In 2013, the median home value was $157,500. This increased to $166,500 in 2014 and 2015. There has been a slight decrease since then, but still remains at $166,500 as of September 2016.

There are several factors that have contributed to this increase in home values in the 16218 zip code. First and foremost is the strong economy that Pennsylvania currently enjoys. Second is the low interest rates that are currently available on mortgages. Third is the increasing demand for homes due to population growth and migration patterns within Pennsylvania. Fourth is the limited supply of homes available for purchase within this zip code due to zoning restrictions and restrictive land use regulations. Fifth is Cowansville's proximity to major metropolitan areas such as Philadelphia and Pittsburgh which makes it an attractive location for families looking for a suburban lifestyle with easy access to major employment centers.

Despite these positive trends, there are some potential risks associated with increased home values in Cowansville over time. One risk is that if interest rates rise or if there are any unforeseen economic downturns within Pennsylvania or nationally, then homeownership rates could decline which would lead to decreased demand for homes within the 16218 zip code and possibly even a decrease in home values overall