Lake Ariel, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lowest

Highest Appreciating Lake Ariel Neighborhoods Since 2000




Lake Ariel, 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

Lake Ariel Housing Market Information

With 13,012 people, 1,741 houses or apartments, and a median cost of homes of $207,964, 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 93.26% of the town's housing units. Other types of housing that are prevalent in Lake Ariel include mobile homes or trailers ( 3.76%), duplexes, homes converted to apartments or other small apartment buildings ( 1.64%), and a few row houses and other attached homes ( 1.06%).

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 83.86% of Lake Ariel's homes, and 70.97% 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 ( 14.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.04%). There's also some housing in Lake Ariel built before 1939 ( 8.09%).

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

Lake Ariel's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lake Ariel during the period has been just -1.04%, which is lower than 70% of US communities.

Over the last year, Lake Ariel appreciation rates have trailed the rest of the nation. In the last twelve months, Lake Ariel's appreciation rate has been -4.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lake Ariel were at -1.59%, which equates to an annual appreciation rate of -6.20%.

Notably, Lake Ariel's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Lake Ariel's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$207,964

Lake Ariel, PA HOME PRICES

Value Range
> $994,000 0.2
$746,001 - $994,000 1.9
$497,001 - $746,000 4.5
$398,001 - $497,000 5.1
$298,001 - $398,000 11.4
$199,001 - $298,000 25.9
$100,001 - $199,000 40.0
$50,001 - $100,000 6.3
$0 - $50,000 4.6

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
30.294152115317 18.8405797101449

Number Of Homes And Apartments:
1,741

Lake Ariel 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
38.47% 1.90% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,510 / per month

Homeownership Rate

Homeownership
Owners 83.86
Renters 16.14
Vacant 54.13

Housing Market Details

 

Age of Homes

AGE OF Lake Ariel HOMES
2000 or Newer 14.4
1970 - 1999 66.5
1940 - 1969 11.0
1939 or Older 8.1

Types of Homes

TYPE OF Lake Ariel HOMES
Single-Family 93.3
Townhomes 1.1
Small Apt. Buildings 1.6
Apt. Complexes 0.3
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Lake Ariel HOMES
No Bedroom 0.51
1 Bedroom 4.02
2 Bedrooms 20.03
3 Bedrooms 55.13
4 Bedrooms 15.84
5 or more bedrooms 4.47