17356, Red Lion, PA

Red Lion, Pennsylvania is located in Lancaster County and has a population of approximately 10,000. The median household income in Red Lion is $60,000 and the median home value is $225,000. In Red Lion, the average home equity loan amount is $146,500 and the average home equity sale price is $239,900.

The 17356 zip code has a high rate of home equity loans and sales. This may be due to several factors including:

-The low unemployment rate in Red Lion

-The high level of education attainment in the area

-Low interest rates

-High levels of homeownership

-Low levels of housing prices relative to incomes

Despite these positive factors, there are some potential risks associated with this high level of homeownership and home equity borrowing. These risks include:

-Risks associated with property values (e.g., market volatility)

-Risks associated with mortgage debt (e.g., delinquency rates)