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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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, 1,976 total housing units (homes and apartments), and a median house value of $453,255, 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 64.22% of the town's housing units. Other types of housing that are prevalent in Lafayette Hill include large apartment complexes or high rise apartments ( 20.83%), row houses and other attached homes ( 11.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.94%).

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 76.88% of Lafayette Hill's homes, and 67.66% 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 43.05% of the town's housing hails from this era. Other housing ages represented in Lafayette Hill include homes built between 1970-1999 ( 39.38%) and housing constructed between 2000 and later ( 11.30%). There's also some housing in Lafayette Hill built before 1939 ( 6.27%).

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 2.35% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lafayette Hill's appreciation rate, at 4.34%, has been at or slightly above the national average. In the latest quarter, Lafayette Hill's appreciation rate has been 0.72%, which annualizes to a rate of 2.89%.

Relative to Pennsylvania, our data show that Lafayette Hill's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$453,255

Lafayette Hill, PA HOME PRICES

Value Range
> $1,132,000 2.4
$849,001 - $1,132,000 4.2
$566,001 - $849,000 23.9
$453,001 - $566,000 16.5
$340,001 - $453,000 31.2
$227,001 - $340,000 13.7
$113,001 - $227,000 7.0
$57,001 - $113,000 0.7
$0 - $57,000 0.5

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
9.56496350364963 2.60617760617761

Number Of Homes And Apartments:
1,976

Lafayette Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
90.07% 3.18%
9
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,873 / per month

Homeownership Rate

Homeownership
Owners 76.88
Renters 23.12
Vacant 3.14

Housing Market Details

 

Age of Homes

AGE OF Lafayette Hill HOMES
2000 or Newer 11.3
1970 - 1999 39.4
1940 - 1969 43.0
1939 or Older 6.3

Types of Homes

TYPE OF Lafayette Hill HOMES
Single-Family 64.2
Townhomes 11.0
Small Apt. Buildings 3.9
Apt. Complexes 20.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lafayette Hill HOMES
No Bedroom 3.34
1 Bedroom 11.42
2 Bedrooms 9.73
3 Bedrooms 34.90
4 Bedrooms 32.76
5 or more bedrooms 7.85

Popular Neighborhoods in Lafayette Hill

Zip Codes in Lafayette Hill, PA