Lafayette Hill, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lafayette Hill, 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

Lafayette Hill Housing Market Information

With 9,740 people, 1,986 houses or apartments, and a median cost of homes of $380,320, Lafayette Hill house prices are not only among the most expensive in Pennsylvania, Lafayette Hill real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Lafayette Hill, accounting for 61.75% of the town's housing units. Other types of housing that are prevalent in Lafayette Hill include large apartment complexes or high rise apartments ( 18.58%), row houses and other attached homes ( 16.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lafayette Hill. Owner-occupied housing accounts for 80.06% of Lafayette Hill's homes, and 72.87% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lafayette Hill's housing was primarily built during this period, from the '40s through the '60s. A full 46.52% of the town's housing hails from this era. Other housing ages represented in Lafayette Hill include homes built between 1970-1999 ( 37.36%) and housing constructed between 2000 and later ( 9.70%). There's also some housing in Lafayette Hill built before 1939 ( 6.42%).

Lafayette Hill Home Appreciation Rates

Real estate appreciation rates in Lafayette Hill's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

Over the last year, Lafayette Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Lafayette Hill's appreciation rate has been 2.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lafayette Hill were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Lafayette Hill's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$380,320

Lafayette Hill, PA HOME PRICES

Value Range
> $1,061,000 0.4
$796,001 - $1,061,000 3.6
$530,001 - $796,000 20.7
$424,001 - $530,000 17.0
$318,001 - $424,000 27.2
$212,001 - $318,000 22.9
$106,001 - $212,000 5.9
$53,001 - $106,000 0.0
$0 - $53,000 2.4

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
10.3656392827845 3.18840579710145

Number Of Homes And Apartments:
1,986

Lafayette Hill 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
63.16% 2.88% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,028 / per month

Homeownership Rate

Homeownership
Owners 80.06
Renters 19.94
Vacant 4.13

Housing Market Details

 

Age of Homes

AGE OF Lafayette Hill HOMES
2000 or Newer 9.7
1970 - 1999 37.4
1940 - 1969 46.5
1939 or Older 6.4

Types of Homes

TYPE OF Lafayette Hill HOMES
Single-Family 61.8
Townhomes 16.9
Small Apt. Buildings 2.8
Apt. Complexes 18.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lafayette Hill HOMES
No Bedroom 1.52
1 Bedroom 6.67
2 Bedrooms 14.20
3 Bedrooms 38.57
4 Bedrooms 34.31
5 or more bedrooms 4.73

Popular Neighborhoods in Lafayette Hill

Zip Codes in Lafayette Hill, PA