This is the Least Expensive Zip Code in Pennsylvania
The COVID-19 pandemic had devastating economic consequences in the United States, grinding entire industries to a halt. One sector that did not suffer, however, was real estate. Driven by the pandemic, existing home sales hit their highest level in nearly a decade and a half in 2020.
The median home sale price in the United States was $265,000 in 2020 — $30,000 more than it was the previous year. A quarter of a million dollars, however, is not affordable for many Americans. Still, for those on a tight budget, there are many parts of the country where most homes are selling for far less.
Using median home sale prices provided by ATTOM Data Solutions, a real estate and property data company, 24/7 Wall St. identified the least expensive ZIP codes in each state.
Philadelphia’s 19140 ZIP code had some of the lowest home sale prices in the country in 2020. More than 600 area housing units sold in the area last year, and the median price was just $48,250 — less than one-fifth the national median home sale price in 2020.
Parts of the country with low home values are often home to relatively large populations that are struggling financially. In the 19140 ZIP code, too, 41% of the population live below the poverty line, and 23.3% of households earn $10,000 or less a year. Nationwide, 13.4% of the population live below the poverty line, and 6.0% of households earn less than $10,000 annually.
ZIP codes were ranked based on median sales price of condos and single-family homes in 2020. Only ZIP codes with at least 1,000 single-family homes and condos and where at least 500 of housing units were sold in 2020 were considered. The estimated market value is determined by ATTOM’s automated valuation model.
Supplemental data on median household income, the share of households that are at least 50 years old, and unemployment are five-year estimates at the ZIP code level for 2015-2019 from the U.S. Census Bureau’s American Community Survey.
Least expensive ZIPLocationMedian home sales price ($)Median household income ($)ZIP codes in state with home sale dataAlabama: 35810Huntsville88,00037,48833Alaska: 99504Anchorage282,25079,4725Arizona: 85364Yuma175,00043,314136Arkansas: 72401Jonesboro96,25042,21830California: 95969Paradise30,00051,625207Colorado: 81005Pueblo227,00050,77986Connecticut: 06790Torrington159,47563,05716Delaware: 19805Wilmington140,00047,8858Florida: 32208Jacksonville78,65034,565372Georgia: 31204Macon75,00034,407146Hawaii: 96792Waianae410,00066,7669Idaho: 83201Pocatello201,26350,52616Illinois: 61401Galesburg68,00038,02777Indiana: 46218Indianapolis53,00024,51762Iowa: 52601Burlington89,25049,61321Kansas: 66104Kansas City103,34439,7267Kentucky: 42240Hopkinsville123,00042,95530Louisiana: 71112Bossier City135,00051,62316Maryland: 21223Baltimore26,00028,54954Michigan: 48228Detroit34,50027,33755Minnesota: 55912Austin132,00050,27442Mississippi: 38671Southaven162,69751,2146Missouri: 63136Saint Louis37,00032,22349Montana: 59101Billings224,00049,5146Nebraska: 68104Omaha135,00048,62012Nevada: 89103Las Vegas199,00042,53744New Jersey: 08332Millville124,75057,26550New Mexico: 88310Alamogordo169,09743,30712New York: 14616Rochester127,00052,66016North Carolina: 28052Gastonia115,00039,426121North Dakota: 58103Fargo190,00046,8663Ohio: 43211Columbus58,50026,72460Oklahoma: 73110Oklahoma City97,50043,05930Oregon: 97603Klamath Falls199,50051,97237Pennsylvania: 19140Philadelphia48,25022,79046Rhode Island: 02889Warwick243,00077,7831South Carolina: 29841North Augusta145,00052,51658Tennessee: 38127Memphis45,00029,79892Texas: 78521Brownsville97,37532,169160Utah: 84404Ogden274,72462,73235Virginia: 24012Roanoke146,13046,41475Washington: 99207Spokane195,00041,40169West Virginia: 26508Morgantown264,45070,9041Wisconsin: 54220Manitowoc120,00051,54226Wyoming: 82001Cheyenne264,41263,0252
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