17046, Lebanon, PA

The 17046 zip code of Lebanon, PA has a median home value of $128,900 and a median home equity value of $141,700. This is higher than the Pennsylvania median home value of $122,500 and the national median home equity value of $142,600. The Lebanon area has seen an increase in home values over the past five years as prices have increased by 9.5%. This is higher than the statewide increase of 7.7% and the national increase of 6.2%.

There are a number of factors that contribute to this increase in home values in Lebanon. One reason may be that there is a high demand for homes in this area due to its proximity to both Philadelphia and Pittsburgh. Additionally, many people are purchasing homes in Lebanon because it offers good quality living at an affordable price. There are also a number of new developments being built in this area which is contributing to the rise in prices.

Despite these positive factors, there are some challenges facing homeowners in the 17046 zip code. One issue is that there is a shortage of available housing which has led to increased prices for existing homes as well as new construction projects. Additionally, interest rates have been relatively low over the past few years which has made it more difficult for people to afford their mortgages or take out HELOCs (home equity lines of credit). However, despite these challenges, homeownership remains one of the best investments possible and continues to be among the most popular forms of property ownership across America.