Lake Ariel, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lake Ariel, PA Real Estate Data


Lake Ariel Housing Market Information

With 13,012 people, 1,709 houses or apartments, and a median cost of homes of $218,370, Lake Ariel real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lake Ariel, accounting for 92.39% of the town's housing units. Other types of housing that are prevalent in Lake Ariel include mobile homes or trailers ( 4.14%), duplexes, homes converted to apartments or other small apartment buildings ( 1.80%), and a few row houses and other attached homes ( 1.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Ariel. Owner-occupied housing accounts for 84.09% of Lake Ariel's homes, and 72.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lake Ariel 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 Lake Ariel built between 2000 and later ( 14.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.82%). There's also some housing in Lake Ariel built before 1939 ( 8.50%).

A decent proportion of the Lake Ariel housing stock is seasonally occupied. That is, homes and condos in Lake Ariel are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Lake Ariel housing market speaks to its popularity as a vacation location of choice.

Lake Ariel Home Appreciation Rates

Appreciation rates for homes in Lake Ariel have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.27%, which ranks in the top 40% nationwide. This equates to an annual average Lake Ariel house appreciation rate of 0.98%.

NeighborhoodScout's data show that during the latest twelve months, Lake Ariel's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Lake Ariel's appreciation rate has been 2.15%, which annualizes to a rate of 8.89%.

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

Average Home Values

 

Median Home Value:
$218,370

Lake Ariel, PA HOME PRICES

Value Range
> $1,116,000 0.8
$837,001 - $1,116,000 2.5
$558,001 - $837,000 4.4
$446,001 - $558,000 3.8
$335,001 - $446,000 8.3
$223,001 - $335,000 26.9
$111,001 - $223,000 42.3
$56,001 - $111,000 4.8
$0 - $56,000 6.3

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
28.9102301340985 17.2946859903382

Number Of Homes And Apartments:
1,709

Rent & Ownership

 

Average Market Rent:
$1,266 / per month

Homeownership Rate

Homeownership
Owners 84.09
Renters 15.91
Vacant 54.52

Housing Market Details

 

Age of Homes

AGE OF Lake Ariel HOMES
2000 or Newer 14.2
1970 - 1999 65.5
1940 - 1969 11.8
1939 or Older 8.5

Types of Homes

TYPE OF Lake Ariel HOMES
Single-Family 92.4
Townhomes 1.3
Small Apt. Buildings 1.8
Apt. Complexes 0.3
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Lake Ariel HOMES
No Bedroom 0.43
1 Bedroom 3.76
2 Bedrooms 20.36
3 Bedrooms 55.20
4 Bedrooms 16.92
5 or more bedrooms 3.33

Lake Ariel 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
59.00% 2.77% 8 7
* 10 is highest