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These days, finding an affordable place to live in the 16240 area can be challenging. Home prices in 16240 are now at a median cost of $136,266, lower than the Pennsylvania average of $288,156.
The average cost of rent is $720/mo in 16240, primarily driven by the current value of real estate in the 16240 area. In 16240, 13.56% of households rent, and 56.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 16240 is $4,985 per month. Households that rent pay about 14.44% of their income on rent here. 16240’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 16230, PA: less expensive homes
- 16224, PA: equally priced homes
- 16245, PA: less expensive homes
- 15770, PA: less expensive homes
- 15784, PA: higher priced homes
- 15778, PA: less expensive homes
- 15864, PA: higher priced homes
- 15776, PA: higher priced homes
- 16242, PA: equally priced homes
- 15730, PA: higher priced homes
Zip Codes with Similar Populations
- 03580, NH: higher priced homes
- 04758, ME: higher priced homes
- 12060, NY: higher priced homes
- 44418, OH: higher priced homes
- 54977, WI: higher priced homes
- 54213, WI: higher priced homes
- 52768, IA: higher priced homes
- 52347, IA: higher priced homes
- 51653, IA: higher priced homes
- 50635, IA: higher priced homes
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