ZIP Code 17701 Housing Market

📝 Local Market Notes

ZIP code 17701 in Lycoming County, Pennsylvania, exhibits a robust and accelerating price trajectory over the recent five-year period. The FHFA Home Price Index (HPI) has risen from 187.77 in 2021 to 241.88 in 2025, representing a cumulative appreciation of approximately 28.8%. This consistent upward trend indicates sustained demand within the sub-market, with the latest year-over-year increase of 5.32% outpacing the broader regional trends. The index level of 241.9, based on a 2000 baseline of 100, confirms that home values have more than doubled since the early 2000s, reflecting long-term structural growth rather than temporary volatility. The performance of ZIP 17701 demonstrates clear divergence from both the county and state averages. While Lycoming County recorded a 2.83% year-over-year increase and Pennsylvania saw 3.89%, the 5.32% growth in 17701 signals a localized strength that exceeds regional norms. This outperformance suggests specific drivers within this ZIP code, such as proximity to key amenities or employment hubs, that distinguish it from neighboring areas like ZIP 17702, which saw only 0.85% growth. The disparity highlights that 17701 is functioning as a premium sub-market within the county, attracting buyers willing to pay a premium over the surrounding Lycoming County median home value of $202,200. Characterized by a high owner-occupancy rate of 69.1% in the parent county and a median household income of $63,917, this area serves as a stable owner-occupied market rather than a renter-heavy or purely entry-level zone. The median gross rent of $913/month further indicates that the rental sector remains accessible, but the primary market dynamic is driven by homeownership. For prospective buyers, the data reveals a market with strong equity growth potential, though the current 7.40% national mortgage rate may temper transaction volume. Residents should note that while prices are rising faster than the state average, the sub-market remains anchored by the broader economic fundamentals of Lycoming County, offering a balanced profile of affordability and appreciation.

Based on FHFA House Price Index data.