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Realtor.com has ranked Lititz, Pennsylvania, as having one of the hottest zip codes in the United States. The zip code 17543 in Lancaster County is ranked seventh on the list, which highlights areas with strong buyer interest and fast home sales. This ranking comes despite national trends showing slower home sales and softer price trends.
According to Realtor.com, the median price for a home listing in Lititz is $598,000, with homes typically spending 28 days on the market. The price-per-square-foot is $244. However, the median household income in Lititz falls short by 18% of what is needed to afford a typical home in the area, assuming a 20% down payment and a 6.55% mortgage rate. This shortfall reflects the appreciation of home prices faster than incomes for established homeowners.
The list from Realtor.com considers market demand and the pace of the market, with Lititz standing out for its high demand and limited supply. Homes in the hottest zip codes receive significantly more views and sell much faster than the national average. For more details on Lititz's ranking, visit the full list on Realtor.com.