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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Leola, PA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Leola, PA Housing Market Trends

With 7,465 people, 2,747 houses or apartments, and a median cost of homes of $436,171, Leola real estate is some of the most expensive in Pennsylvania, although Leola home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Leola, accounting for 62.67% of the town's housing units. Other types of housing that are prevalent in Leola include row houses and other attached homes ( 17.19%), duplexes, homes converted to apartments or other small apartment buildings ( 11.28%), and a few large apartment complexes or high rise apartments ( 7.08%).

The most prevalent building size and type in Leola are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.88% owning and 42.12% renting.

There is a lot of housing in Leola 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 Leola built between 1940-1969 ( 19.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.68%). There's also some housing in Leola built before 1939 ( 14.83%).

Leola Home Appreciation Rates

Real estate appreciation rates in Leola's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.44% during the period.

Appreciation rates are so strong in Leola that despite a nationwide downturn in the housing market, Leola real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Leola appreciation rates continue to be some of the highest in America, at 8.46%, which is higher than appreciation rates in 88.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Leola. Leola appreciation rates in the latest quarter were at -1.10%, which equates to an annual appreciation rate of -4.34%.

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

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

Average Home Values

Median Home Value

$436,171

Leola, PA Home Prices
> $1,311,000
$984,001 - $1,311,000
$656,001 - $984,000
$525,001 - $656,000
$394,001 - $525,000
$262,001 - $394,000
$131,001 - $262,000
$66,001 - $131,000
$0 - $66,000
3.9%
3.9%
2.4%
2.4%
5.0%
5.0%
16.3%
16.3%
21.3%
21.3%
30.7%
30.7%
14.5%
14.5%
2.4%
2.4%
3.5%
3.5%
0% 100.0%
% of Homes
Very High

for Pennsylvania

High

for nation

Number of Homes And Apartments:

2,747

Leola Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,790 / per month

Homeownership Rate

Owners
Renters
57.9%
57.9%
42.1%
42.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.6%
4.6%
95.4%
95.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.7%
18.7%
47.0%
47.0%
19.5%
19.5%
14.8%
14.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.7%
62.7%
17.2%
17.2%
11.3%
11.3%
7.1%
7.1%
1.8%
1.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
7.4%
7.4%
18.0%
18.0%
46.7%
46.7%
24.4%
24.4%
3.1%
3.1%
0% 100.0%
% of Homes