19149, Philadelphia, PA

The 19149 zip code of Philadelphia, PA has a median home value of $157,200 and a median home equity value of $119,000. This is significantly higher than the national median home value of $123,700 and the regional median home equity value of $106,800. The high home values in this zip code are likely due to the presence of prestigious universities such as the University of Pennsylvania and Drexel University in the area. Additionally, many affluent families have chosen to live in this zip code due to its convenient location and top-notch schools.

Despite the high values in this zip code, there is evidence that prices may be beginning to decline. Between January 2016 and January 2017, the average sale price decreased by 2%. Additionally, between December 2016 and December 2017 there was an increase in foreclosure filings (by 5%) which could indicate that more homeowners are starting to default on their mortgages. Despite these signs of weakness, it is still likely that prices will continue to rise over time due to strong demand from affluent buyers and limited supply.