Red Lion, Pennsylvania Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Red Lion, Pennsylvania rental market.
Highlights
An apartment for rent in Red Lion, Pennsylvania typically goes for $1,791 per month, while a single-family home for rent in Red Lion, Pennsylvania has a monthly cost of around $1,945. Renter-occupied units make up 44% of the local housing market, while the rental vacancy rate in Red Lion, Pennsylvania is at 0.
Red Lion, Pennsylvania
Average Apartment Rent
$1,791
Y-o-Y Change in Average
Apartment Rent
-2%
Average Single-Family Rent
$1,945
As of November 2024
Compared to a year ago, Red Lion, Pennsylvania apartments have recorded a -2% rent decrease.
Red Lion, Pennsylvania Average apartment rent trend
Red Lion, Pennsylvania Average Apartment Rent
Red Lion, Pennsylvania Apartment rent ranges
At 42.11%, apartments priced $1,500 - $2,000 represent the bulk of Red Lion, Pennsylvania rentals, while condos priced $700 - $1000 hold the lowest share of the market – 5.92%.
Red Lion, Pennsylvania Housing tenure**
Renters take up 44% of Red Lion, Pennsylvania real estate, occupying a total of 1,217 units, while homeowners live in 1,528 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$34,213
Average household size of renter-occupied housing units**
1.93
Red Lion, Pennsylvania Renter-occupied housing units by no. of bedrooms**
There are 537 rentals in Red Lion, Pennsylvania with 1 bed making up the highest share of the market, at 44%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 17 units. Overall, the median number of rooms in Red Lion, Pennsylvania homes for rent is 3.8.
Red Lion, Pennsylvania Renter-occupied units by age of householder**
Most condos for rent in Red Lion, Pennsylvania are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 55 - 59 years age group (19%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Red Lion, Pennsylvania Renter-occupied housing units by family type**
Red Lion, Pennsylvania Renter-occupied housing units by the presence of own children**
A total of 386 apartments for rent in Red Lion, Pennsylvania, or 32% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 331 units. All in all, the median size of a renter-occupied household in Red Lion, Pennsylvania is 1.93.
Red Lion, Pennsylvania Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 5% of the rental market. In contrast, residents with less than a high school degree reside in 24% of the homes for rent in Red Lion, Pennsylvania.
Red Lion, Pennsylvania Renter-occupied units by year structure built**
The highest share of Red Lion, Pennsylvania apartment rentals, namely 54% or 652 units, were Built 1939 or earlier, followed by those Built 1990 - 1999 (12%, 141 units), and the ones Built 1980 - 1989 (10%, 118 units).
Red Lion, Pennsylvania Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Red Lion, Pennsylvania renters (40%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Red Lion, Pennsylvania condos for rent is 2017.
Red Lion, Pennsylvania Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Red Lion, Pennsylvania renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 19% have No vehicle available.
Red Lion, Pennsylvania Means of transportation to work of householders living in renter-occupied housing units**
Red Lion, Pennsylvania Geographical mobility in the past year for householders living in renter-occupied housing units**
Red Lion, Pennsylvania Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Red Lion, Pennsylvania apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
