Cities with the fastest growing home prices in Lebanon metro area

Written by:
September 29, 2022
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Cities with the fastest growing home prices in Lebanon metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Lebanon, PA metro area using data from Zillow. Cities are ranked by 1-year price change as of August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 8 cities and towns with data available were included in the list.

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1 / 8
Stacker

#8. Schaefferstown, Pennsylvania

- 1-year price change: +$15,973 (+8.2%)
- 5-year price change: +$66,909 (+46.6%)
- Typical home value: $210,547 (#8 most expensive city in metro)
2 / 8
Stacker

#7. Lebanon, Pennsylvania

- 1-year price change: +$29,662 (+14.4%)
- 5-year price change: +$99,903 (+73.6%)
- Typical home value: $235,602 (#7 most expensive city in metro)
3 / 8
Stacker

#6. Jonestown, Pennsylvania

- 1-year price change: +$30,619 (+12.3%)
- 5-year price change: +$96,022 (+52.6%)
- Typical home value: $278,676 (#5 most expensive city in metro)
4 / 8
Stacker

#5. Newmanstown, Pennsylvania

- 1-year price change: +$30,792 (+12.1%)
- 5-year price change: +$95,990 (+50.8%)
- Typical home value: $285,075 (#4 most expensive city in metro)
5 / 8
Stacker

#4. Myerstown, Pennsylvania

- 1-year price change: +$32,414 (+13.8%)
- 5-year price change: +$95,990 (+56.3%)
- Typical home value: $266,638 (#6 most expensive city in metro)

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6 / 8
Stacker

#3. Palmyra, Pennsylvania

- 1-year price change: +$34,031 (+12.8%)
- 5-year price change: +$97,784 (+48.4%)
- Typical home value: $299,835 (#3 most expensive city in metro)
7 / 8
Stacker

#2. Fredericksburg, Pennsylvania

- 1-year price change: +$36,883 (+14.0%)
- 5-year price change: +$97,468 (+48.1%)
- Typical home value: $300,231 (#2 most expensive city in metro)
8 / 8
Stacker

#1. Mount Gretna, Pennsylvania

- 1-year price change: +$67,719 (+21.9%)
- 5-year price change: +$147,853 (+64.5%)
- Typical home value: $377,205 (#1 most expensive city in metro)

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