Red Lion, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Red Lion Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Red Lion Housing Market Information

With 6,321 people, 2,541 houses or apartments, and a median cost of homes of $135,412, 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 37.56% of the borough's housing units. Other types of housing that are prevalent in Red Lion include row houses and other attached homes ( 36.23%), duplexes, homes converted to apartments or other small apartment buildings ( 15.54%), and a few large apartment complexes or high rise apartments ( 8.12%).

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 56.48% owning and 43.52% renting.

The housing in Red Lion was primarily built before 1939 ( 45.87%), 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 ( 29.07%), followed by between 1970-1999 ( 21.32%). There's also some housing in Red Lion built between 2000 and later ( 3.74%).

Red Lion Home Appreciation Rates

Red Lion's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Red Lion during the period has been just -1.71%, which is lower than 80% of US communities.

Appreciation rates are so strong in Red Lion that despite a nationwide downturn in the housing market, Red Lion real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Red Lion appreciation rates continue to be some of the highest in America, at 7.10%, which is higher than appreciation rates in 81.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Red Lion. Red Lion appreciation rates in the latest quarter were at 2.73%, which equates to an annual appreciation rate of 11.40%.

Importantly, this makes Red Lion one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Red Lion's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$135,412

Red Lion, PA HOME PRICES

Value Range
> $1,064,000 0.0
$798,001 - $1,064,000 1.0
$532,001 - $798,000 0.0
$425,001 - $532,000 0.0
$319,001 - $425,000 5.0
$213,001 - $319,000 5.6
$106,001 - $213,000 58.2
$53,001 - $106,000 26.1
$0 - $53,000 4.1

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
57.0080862533693 53.2367149758454

Number Of Homes And Apartments:
2,541

Red Lion Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
34.81% 1.75% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$891 / per month

Homeownership Rate

Homeownership
Owners 56.48
Renters 43.52
Vacant 5.78

Housing Market Details

 

Age of Homes

AGE OF Red Lion HOMES
2000 or Newer 3.7
1970 - 1999 21.3
1940 - 1969 29.1
1939 or Older 45.9

Types of Homes

TYPE OF Red Lion HOMES
Single-Family 37.6
Townhomes 36.2
Small Apt. Buildings 15.5
Apt. Complexes 8.1
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Red Lion HOMES
No Bedroom 0.37
1 Bedroom 13.90
2 Bedrooms 28.18
3 Bedrooms 42.08
4 Bedrooms 8.90
5 or more bedrooms 6.56