Interested in purchasing investment houses in the 16362 zip code in Utica, PA?
The zip code 16362 is in both Venango and Mercer counties with a latitude of -79.962340000000 and longitude of 41.450370000000, is in the state of Pennsylvania. The average asking price of houses and condos is $77,000.00 and the average sale price was $32,000.00. this regions is classified as the Pittsburgh metro area and is in the 814 area code. The location in degrees is 41° 27' 1.332" N, 79° 57' 44.424" W. The county F.I.P.S. is 42121. This zip code contains two cities including Utica, PA (5.47%), and Hannasville, PA (4.04%) The total land area is 26.3 square miles and the water area is 0.3 square miles. The elevation in this area is 1158 - 1539 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 16362 is in county number 085 and is L. Sector 94, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 978 in 2019 and 1,102 in 2010. This further breaks down to 462 males (47.3%) and 515 females (52.7%). The median age of residents is 49.4 years. The population of the greater Oil City, PA area is 55,112. The population density (people per square mile) is 37. This zip code has a combined total of 567 houses and condos. There are 51 rented appartments. 13% of residents rent versus the 13% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $42,867 and the average salary is $37,827. The median household income of individuals is $41,966.00 and the average is $45,070.00. This zip code has a mean commute time to work of 31.0 minutes. The unemployment rate is 7.9%. Income earners by percent breakdown as 59.50% (Under $50,000), 33.10% ($50,000-$100,000), and 7.30% earn over $100,000. 7.3% of residents live below poverty line versus the 12.0% in the state that are below this line. The cost of living index is 90.4. The educational breakdown is 85.4% have a high school education or higher, 14.4% have a bachelor's degree or higher, and 2.0% have some kind of profesional degree.
This area has 438 households and the average size is 2.4 people. Individuals who are single and have never been married are 21.0%, 59.2% are now married, 1.0% are separated, 8.3% are widowed, and 10.5% are divorced. The average yearly contribution amount given by people to charity was $2,167 versus the state average of $4,025. The percent of residents who gave to charity was 11.5%.
The estimated median value of houses and condos is $122,627. The median monthly owner costs of mortgage holders was $1,110, where as the costs for those who don't have a mortgage are $378. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 4.8.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $1,578. In comparision, the average real estate tax percent rate in the state is 1.5% which equated to an average real estate tax amount payment in the state of $2,887. The median housing property tax percent for residents with mortgages was 1.1% which amounted to an average tax amount of $1,791. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $997. Reported taxable interest for persons was $278, dividends $843, capital gains +$4,800, and itemized deductions $15,563. The average earned income tax credit is $1,943. The percent of individuals that use a tax preparer is 61.5%. The total average income taxes paid by individuals was $4,950. Businesses reported an average profit of $5,243.
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