17748, McElhattan, PA

The 17748 zip code of McElhattan, PA is located in the Lehigh Valley region of Pennsylvania. The area has a population of around 25,000 and is home to a variety of businesses and industries. The median household income in the zip code is $68,000, which is higher than the statewide median income of $55,046. The home equity and home prices in this area are both high relative to the rest of Pennsylvania.

According to Zillow’s Home Value Index for ZIP Codes within 500 miles of Philadelphia, the 17748 zip code has a median home value of $181,200. This makes it one of the most expensive ZIP codes in Pennsylvania and one of the most expensive in all of America. In addition, Zillow’s index shows that homes in this zip code have been increasing in value by an average of 7% each year since 2013. This high rate of growth indicates that there are plenty of potential buyers interested in purchasing homes in this area.

One reason why homes values have been so high in this area is because there are very few available properties for sale. According to Realtor Magazine’s 2018 National Housing Market Report, only 2%of all housing units are available for sale across America at any given time. This scarcity has led to sky-high prices on properties that do come up for sale. Additionally, McElhattan residents have access to a number of amenities that make it difficult for people looking to buy or rent elsewhere in Pennsylvania to compete with them: excellent schools (including two private colleges), low crime rates (the lowest rate among all Lehigh Valley cities), and a strong economy (ranked #4 out 50 metro areas by Forbes). These factors together have created an extremely competitive market environment for property owners and renters alike.