17355, Railroad, PA

The 17355 zip code of Railroad, PA is located in the Lehigh Valley region of Pennsylvania. The area has a population of around 39,000 and has a median household income of around $60,000. Home values in this zip code have been increasing steadily over the past few years, reaching a peak of $269,900 in 2016. However, home equity values have decreased slightly since then and are currently estimated at $257,600.

One reason for the steady increase in home values in this zip code is that there is a high demand for housing here. The area has seen strong economic growth over the past few years and many people are moving into the area or buying homes for the first time. Additionally, Railroad is located close to many major businesses and attractions, which also contributes to increased demand for housing.

Another reason why home values have increased in this zip code is that there are relatively few homes available for sale. Over the past few years, many homes here have been sold as part of foreclosure auctions or through short sales – both of which tend to result in higher prices than normal market conditions would allow. This situation may change over time as more homes become available on the market – but for now it seems to be contributing to increased prices overall.

Overall, it seems that there are several factors contributing to rising home values in this zip code: strong economic growth; high demand; limited availability; and elevated prices due to rare circumstances like foreclosure auctions or short sales. While these conditions may change over time (for example if more homes become available on the market), at present they appear to be helping drive up prices significantly relative to other areas of Pennsylvania.