Lansdowne, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lansdowne, PA Real Estate Data


Lansdowne Housing Market Information

With 10,639 people, 4,369 houses or apartments, and a median cost of homes of $170,114, Lansdowne real estate and house prices are near the national average for all cities and towns.

Row houses and other attached homes are the single most common housing type in Lansdowne, accounting for 31.81% of the borough's housing units. Other types of housing that are prevalent in Lansdowne include single-family detached homes ( 30.48%), duplexes, homes converted to apartments or other small apartment buildings ( 19.91%), and a few large apartment complexes or high rise apartments ( 17.80%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in Lansdowne are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 62.09% owning and 37.91% renting.

The housing in Lansdowne was primarily built before 1939 ( 48.81%), making the housing stock in Lansdowne some of the oldest overall in America, although there is a range of ages of homes in Lansdowne. The next most important housing age is between 1940-1969 ( 45.85%), followed by between 1970-1999 ( 4.41%).

Vacant housing appears to be an issue in Lansdowne. Fully 10.32% of the housing stock is classified as vacant. Left unchecked, vacant Lansdowne homes and apartments can be a drag on the real estate market, holding Lansdowne real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lansdowne Home Appreciation Rates

Lansdowne's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lansdowne during the period has been just -1.44%, which is lower than 80% of US communities.

Over the last year, Lansdowne appreciation rates have trailed the rest of the nation. In the last twelve months, Lansdowne's appreciation rate has been 4.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lansdowne were at 1.89%, which equates to an annual appreciation rate of 7.76%.

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

Average Home Values

 

Median Home Value:
$170,114

Lansdowne, PA HOME PRICES

Value Range
> $1,020,000 0.0
$765,001 - $1,020,000 0.3
$510,001 - $765,000 0.6
$408,001 - $510,000 0.0
$306,001 - $408,000 5.4
$204,001 - $306,000 23.4
$102,001 - $204,000 54.6
$51,001 - $102,000 12.8
$0 - $51,000 2.9

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
42.7007085553669 34.8792270531401

Number Of Homes And Apartments:
4,369

Rent & Ownership

 

Average Market Rent:
$1,047 / per month

Homeownership Rate

Homeownership
Owners 62.09
Renters 37.91
Vacant 10.32

Housing Market Details

 

Age of Homes

AGE OF Lansdowne HOMES
2000 or Newer 0.9
1970 - 1999 4.4
1940 - 1969 45.9
1939 or Older 48.8

Types of Homes

TYPE OF Lansdowne HOMES
Single-Family 30.5
Townhomes 31.8
Small Apt. Buildings 19.9
Apt. Complexes 17.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lansdowne HOMES
No Bedroom 2.24
1 Bedroom 14.96
2 Bedrooms 21.47
3 Bedrooms 35.86
4 Bedrooms 17.53
5 or more bedrooms 7.94

Lansdowne 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
45.49% 2.23% 5 5
* 10 is highest