Red Lion, PA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Red Lion Housing Market Information

With a population of 6,330, 2,417 total housing units (homes and apartments), and a median house value of $155,617, house prices in Red Lion are solidly below the national average.

Single-family detached homes are the single most common housing type in Red Lion, accounting for 35.98% of the borough's housing units. Other types of housing that are prevalent in Red Lion include row houses and other attached homes ( 33.43%), large apartment complexes or high rise apartments ( 14.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.74%).

The most prevalent building size and type in Red Lion are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 64.82% owning and 35.18% renting.

The housing in Red Lion was primarily built before 1939 ( 48.24%), making the housing stock in Red Lion some of the oldest overall in America, although there is a range of ages of homes in Red Lion. The next most important housing age is between 1940-1969 ( 25.54%), followed by between 1970-1999 ( 23.49%). There's also some housing in Red Lion built between 2000 and later ( 2.73%).

Red Lion Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Red Lion, where house values have increased just 4.48%, which is annualized rate of 0.44%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Red Lion appreciation rates have trailed the rest of the nation. In the last twelve months, Red Lion's appreciation rate has been 3.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Red Lion were at 0.64%, which equates to an annual appreciation rate of 2.57%.

Notably, Red Lion's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Red Lion's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 
info

Median Home Value:
$155,617

Red Lion, PA HOME PRICES

> $1,144,000
0.0%
0.0%
$858,001 - $1,144,000
1.4%
1.4%
$572,001 - $858,000
0.0%
0.0%
$458,001 - $572,000
0.8%
0.8%
$343,001 - $458,000
3.2%
3.2%
$229,001 - $343,000
18.1%
18.1%
$115,001 - $229,000
46.4%
46.4%
$57,001 - $115,000
26.6%
26.6%
$0 - $57,000
3.4%
3.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for PA

Value Relative To Nation

Number Of Homes And Apartments:
2,417

Red Lion Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
48.53% 1.92%
3
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$988 / per month

Homeownership Rate

Owners
64.8%
64.8%
Renters
35.2%
35.2%
Vacant
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
2.7%
2.7%
1970 - 1999
23.5%
23.5%
1940 - 1969
25.5%
25.5%
1939 or Older
48.2%
48.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
36.0%
36.0%
Townhomes
33.4%
33.4%
Small Apt. Buildings
10.7%
10.7%
Apt. Complexes
14.6%
14.6%
Mobile Homes
5.2%
5.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
8.3%
8.3%
2 Bedrooms
30.3%
30.3%
3 Bedrooms
42.9%
42.9%
4 Bedrooms
12.0%
12.0%
5 or more bedrooms
4.9%
4.9%
0.0% 100.0%
% OF HOMES