ZIP Code 18840 Housing Market
ZIP code 18840 is located in Bradford County, Pennsylvania. Based on the FHFA House Price Index, the most recent annual HPI value is 275.8 (2000 = 100) , with a year-over-year change of +12.61% as of 2025.
📈 18840 HPI Trend
FHFA House Price Index for Five-Digit ZIP Codes (2000 = 100)
📝 Local Market Notes
The housing market in ZIP code 18840, located within Bradford County, Pennsylvania, demonstrates a robust upward price trajectory over the recent five-year period. The FHFA House Price Index (HPI) for this specific ZIP code has surged from 192.84 in 2021 to 275.83 in 2025. This represents a cumulative increase of approximately 43% in just four years, indicating sustained demand and value appreciation that significantly outpaces the broader regional trends. While the HPI dipped slightly in 2024 before rebounding sharply in 2025, the overall trend remains firmly positive, reflecting a market that has not experienced the typical cooling effects seen in other sectors. A critical analysis of year-over-year performance reveals a significant divergence between ZIP 18840 and its parent county and state. The ZIP code recorded a 12.61% YoY increase in 2025, whereas Bradford County grew by only 1.81% and the state of Pennsylvania by 3.89%. This substantial gap suggests that 18840 is functioning as a distinct sub-market with unique demand drivers, rather than merely mirroring general county-wide economic conditions. The outperformance implies that local factors, such as specific neighborhood amenities or limited inventory, are exerting a stronger influence on pricing than broader macroeconomic trends. Despite the high HPI index value, the parent county’s ACS data provides context for the sub-market’s character. With a median household income of $63,675 and a median home value of $187,500, Bradford County is generally considered an affordable, owner-occupied market with a 72.2% ownership rate. However, the HPI level in 18840 suggests that this specific ZIP code may command a premium relative to the county median. Prospective buyers should recognize that while the broader county offers entry-level affordability, ZIP 18840 exhibits price dynamics closer to a mid-tier or specialized market. Residents and investors must account for the 7.40% national mortgage rate, which impacts borrowing costs, and understand that the localized price appreciation in 18840 warrants a more detailed assessment of individual property values compared to the general county averages.
About This ZIP Code
ZIP code 18840 is one of the most active real estate sub-markets in Bradford County, Pennsylvania. The FHFA House Price Index tracks cumulative price appreciation since 2000, providing a consistent measure of long-term value change in this specific ZIP area.
For full county-level context, see the Bradford County Housing Market page, which includes ACS median home values, rent, owner-occupancy, employment, migration, and other economic indicators.
Data Source: FHFA House Price Index for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100). Data as of 2025. This product uses FHFA Data but is neither endorsed nor certified by FHFA.