17068, New Bloomfield, PA

The 17068 zip code of New Bloomfield, Pennsylvania is located in the Lehigh Valley region of the state. The area has a population of around 30,000 and median household income is around $75,000. Home prices in this zip code have been increasing rapidly over the past few years, reaching an all-time high in 2017. As of September 2018, the median home price in this zip code was $269,900.

One reason for the increase in home prices in this zip code is that it is located near many major cities and towns. These include Allentown, Bethlehem, Easton, and Reading. This makes it a desirable place to live and buy a home. Additionally, New Bloomfield has seen strong job growth over the past few years which has led to increased demand for homes.

Another factor contributing to the increase in home prices in this zip code is low interest rates. Since 2007, interest rates have been relatively low which has made it more affordable for people to borrow money to purchase a home. Additionally, there are limited options available for buyers who want to purchase a home outside of their current neighborhood or city limits. This makes it easier for people who want to buy a home to do so because they can find properties that meet their needs within their budget constraints.

Despite these positive factors contributing to the increase in home prices in this zip code over recent years there are also some risks associated with buying a home here. For example, if interest rates rise then buyers may find it harder to afford their mortgages and be forced into foreclosure proceedings or selling their homes at a lower price than they would have liked due to increased competition from other buyers interested in purchasing them."