Lafayette Hill, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lafayette Hill, PA Real Estate Data


Lafayette Hill Housing Market Information

With a population of 9,740, 1,958 total housing units (homes and apartments), and a median house value of $429,955, 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 58.66% of the town's housing units. Other types of housing that are prevalent in Lafayette Hill include row houses and other attached homes ( 18.86%), large apartment complexes or high rise apartments ( 17.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.68%).

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 78.40% of Lafayette Hill's homes, and 72.78% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lafayette Hill built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lafayette Hill built between 1940-1969 ( 41.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.09%). There's also some housing in Lafayette Hill built before 1939 ( 6.40%).

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 0.22% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lafayette Hill's appreciation rate, at 5.21%, has been at or slightly above the national average. In the latest quarter, Lafayette Hill's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

Relative to Pennsylvania, our data show that Lafayette Hill's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$429,955

Lafayette Hill, PA HOME PRICES

Value Range
> $1,122,000 0.3
$842,001 - $1,122,000 4.1
$561,001 - $842,000 19.0
$449,001 - $561,000 18.6
$337,001 - $449,000 26.0
$225,001 - $337,000 22.2
$112,001 - $225,000 7.1
$56,001 - $112,000 0.3
$0 - $56,000 2.4

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
8.33284534754348 2.70531400966184

Number Of Homes And Apartments:
1,958

Rent & Ownership

 

Average Market Rent:
$1,940 / per month

Homeownership Rate

Homeownership
Owners 78.40
Renters 21.60
Vacant 3.51

Housing Market Details

 

Age of Homes

AGE OF Lafayette Hill HOMES
2000 or Newer 9.1
1970 - 1999 43.0
1940 - 1969 41.5
1939 or Older 6.4

Types of Homes

TYPE OF Lafayette Hill HOMES
Single-Family 58.7
Townhomes 18.9
Small Apt. Buildings 4.7
Apt. Complexes 17.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lafayette Hill HOMES
No Bedroom 1.26
1 Bedroom 7.29
2 Bedrooms 14.41
3 Bedrooms 40.31
4 Bedrooms 32.47
5 or more bedrooms 4.25

Lafayette Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
66.74% 3.05% 9 8
* 10 is highest

Popular Neighborhoods in Lafayette Hill

Zip Codes in Lafayette Hill, PA