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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lafayette Hill Housing Market Information

With a population of 9,992, 1,973 total housing units (homes and apartments), and a median house value of $445,600, 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 63.71% of the town's housing units. Other types of housing that are prevalent in Lafayette Hill include large apartment complexes or high rise apartments ( 19.82%), row houses and other attached homes ( 12.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.68%).

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 76.13% of Lafayette Hill's homes, and 69.65% 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 45.18% of the town's housing hails from this era. Other housing ages represented in Lafayette Hill include homes built between 1970-1999 ( 38.70%) and housing constructed between 2000 and later ( 10.28%). There's also some housing in Lafayette Hill built before 1939 ( 5.84%).

Lafayette Hill Home Appreciation Rates

Appreciation rates for homes in Lafayette Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 23.11%, which ranks in the top 50% nationwide. This equates to an annual average Lafayette Hill house appreciation rate of 2.10%.

NeighborhoodScout's data show that during the latest twelve months, Lafayette Hill's appreciation rate, at 4.50%, has been at or slightly above the national average. In the latest quarter, Lafayette Hill's appreciation rate has been 1.63%, which annualizes to a rate of 6.66%.

Relative to Pennsylvania, our data show that Lafayette Hill's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$445,600

Lafayette Hill, PA HOME PRICES

Value Range
> $1,159,000 1.4
$870,001 - $1,159,000 3.6
$580,001 - $870,000 22.8
$464,001 - $580,000 17.6
$348,001 - $464,000 29.1
$232,001 - $348,000 17.8
$116,001 - $232,000 5.9
$58,001 - $116,000 0.9
$0 - $58,000 0.9

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
9.49489051094891 2.31660231660232

Number Of Homes And Apartments:
1,973

Lafayette Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
88.34% 3.26%
10
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,051 / per month

Homeownership Rate

Homeownership
Owners 76.13
Renters 23.87
Vacant 3.15

Housing Market Details

 

Age of Homes

AGE OF Lafayette Hill HOMES
2000 or Newer 10.3
1970 - 1999 38.7
1940 - 1969 45.2
1939 or Older 5.8

Types of Homes

TYPE OF Lafayette Hill HOMES
Single-Family 63.7
Townhomes 12.8
Small Apt. Buildings 3.7
Apt. Complexes 19.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lafayette Hill HOMES
No Bedroom 2.79
1 Bedroom 10.65
2 Bedrooms 9.83
3 Bedrooms 38.31
4 Bedrooms 31.34
5 or more bedrooms 7.07

Popular Neighborhoods in Lafayette Hill

Zip Codes in Lafayette Hill, PA