Langhorne, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Langhorne, 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

Langhorne Housing Market Information

With a population of 1,599, 534 total housing units (homes and apartments), and a median house value of $380,269, Langhorne house prices are not only among the most expensive in Pennsylvania, Langhorne 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 Langhorne, accounting for 59.07% of the borough's housing units. Other types of housing that are prevalent in Langhorne include duplexes, homes converted to apartments or other small apartment buildings ( 16.06%), large apartment complexes or high rise apartments ( 15.72%), and a few row houses and other attached homes ( 9.15%).

The most prevalent building size and type in Langhorne are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 54.49% owning and 45.51% renting.

The housing in Langhorne was primarily built before 1939 ( 54.40%), making the housing stock in Langhorne some of the oldest overall in America, although there is a range of ages of homes in Langhorne. The next most important housing age is between 1940-1969 ( 22.63%), followed by between 1970-1999 ( 16.41%). There's also some housing in Langhorne built between 2000 and later ( 6.56%).

Langhorne Home Appreciation Rates

Real estate appreciation rates in Langhorne's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.39% during the period.

Over the last year, Langhorne appreciation rates have trailed the rest of the nation. In the last twelve months, Langhorne's appreciation rate has been 2.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Langhorne were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Langhorne differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Langhorne - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Langhorne real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$380,269

Langhorne, PA HOME PRICES

Value Range
> $1,072,000 0.4
$804,001 - $1,072,000 2.9
$536,001 - $804,000 13.9
$429,001 - $536,000 19.2
$322,001 - $429,000 30.2
$215,001 - $322,000 26.0
$107,001 - $215,000 5.5
$54,001 - $107,000 0.6
$0 - $54,000 1.4

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
10.3714988866753 3.28502415458937

Number Of Homes And Apartments:
534

Langhorne 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
68.32% 3.06% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,368 / per month

Homeownership Rate

Homeownership
Owners 54.49
Renters 45.51
Vacant 7.77

Housing Market Details

 

Age of Homes

AGE OF Langhorne HOMES
2000 or Newer 6.6
1970 - 1999 16.4
1940 - 1969 22.6
1939 or Older 54.4

Types of Homes

TYPE OF Langhorne HOMES
Single-Family 59.1
Townhomes 9.2
Small Apt. Buildings 16.1
Apt. Complexes 15.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Langhorne HOMES
No Bedroom 7.60
1 Bedroom 19.00
2 Bedrooms 13.64
3 Bedrooms 28.32
4 Bedrooms 21.93
5 or more bedrooms 9.50