Lebanon, PA

The Lebanon, PA metropolitan statistical area (MSA) is located in the heart of Pennsylvania Dutch Country. The MSA is home to a large number of Amish and Mennonite families, as well as a significant number of Pennsylvania Germans. The area is also known for its many antique shops and farmers' markets.

The real estate market in the Lebanon MSA has been strong for many years. The combination of a strong local economy and low interest rates has made the area a desirable place to live for both families and retirees. The average sale price of a home in the Lebanon MSA was $215,000 in 2017, an increase of 5% over 2016. The median sale price was $170,000, also an increase of 5%.

There are several factors that contribute to the strength of the real estate market in the Lebanon MSA. One is the diversity of the economy. The area is home to a number of large employers, including Hershey Medical Center, Penn State Milton S. Hershey Medical Center, and Good Samaritan Hospital. These hospitals are major drivers of the local economy and provide good-paying jobs for residents. In addition, there are several manufacturing companies located in the MSA, including Armstrong World Industries and Harsco Corporation. These companies provide good-paying jobs with benefits for workers.

Another factor that contributes to the strength of the real estate market in the Lebanon MSA is population growth. The population of Lebanon County has grown by 4% since 2010, while Pennsylvania's population has only grown by 1%. This population growth is due largely to people moving into the county from other parts of Pennsylvania and from other states. This influx of new residents provides a steady demand for housing that helps keep prices high.

The combination of strong economic conditions and population growth makes it likely that the real estate market in Lebanon County will continue to be strong in 2018 and beyond