17113, Harrisburg, PA

The 17113 zip code of Harrisburg, PA has a median home value of $144,900. This is lower than the Pennsylvania median home value of $217,500. The 17113 zip code also has a low home equity percentage of 36%. This means that many homes in this zip code are worth less than their mortgages.

The reason that homes in the 17113 zip code are worth less than their mortgages is because there is a high level of foreclosure activity in this area. In fact, one out of every four homes in this zip code is currently occupied by someone who has been foreclosed on.

This high level of foreclosure activity has caused the home equity percentage to decline over the past few years. In 2007, the home equity percentage was 47%. However, by 2013 it had declined to 36%.

Despite the declining home equity percentage, there have been some positive trends in this area over the past few years. For example, average sales prices have increased by 8% since 2013. Additionally, new construction projects have started to increase again in this area since 2014 after having decreased for several years prior to that point.

Overall, it appears that there are some positive trends happening in the 17113 zip code but it will be important to watch how foreclosure activity and housing prices continue to trend over time