Leola, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Leola, 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

Leola Housing Market Information

With a population of 7,214, 2,538 total housing units (homes and apartments), and a median house value of $238,607, 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 68.52% of the town's housing units. Other types of housing that are prevalent in Leola include duplexes, homes converted to apartments or other small apartment buildings ( 12.15%), row houses and other attached homes ( 11.15%), and a few large apartment complexes or high rise apartments ( 7.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Leola. Owner-occupied housing accounts for 66.66% of Leola's homes, and 65.33% have either three or four bedrooms, which is average sized relative to America.

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 ( 32.63%). A lesser amount of the housing stock also hails from before 1939 ( 15.64%). There's also some housing in Leola built between 2000 and later ( 9.96%).

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 -0.17% during the period.

NeighborhoodScout's data show that during the latest twelve months, Leola's appreciation rate, at 4.03%, has been at or slightly above the national average. In the latest quarter, Leola's appreciation rate has been 0.61%, which annualizes to a rate of 2.48%.

Relative to Pennsylvania, our data show that Leola's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$238,607

Leola, PA HOME PRICES

Value Range
> $1,095,000 5.4
$821,001 - $1,095,000 0.6
$548,001 - $821,000 1.9
$438,001 - $548,000 4.0
$329,001 - $438,000 8.3
$219,001 - $329,000 32.5
$109,001 - $219,000 42.0
$55,001 - $109,000 1.8
$0 - $55,000 3.5

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
24.3525137700691 13.6231884057971

Number Of Homes And Apartments:
2,538

Leola 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
50.00% 2.38% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$948 / per month

Homeownership Rate

Homeownership
Owners 66.66
Renters 33.34
Vacant 5.69

Housing Market Details

 

Age of Homes

AGE OF Leola HOMES
2000 or Newer 10.0
1970 - 1999 41.8
1940 - 1969 32.6
1939 or Older 15.6

Types of Homes

TYPE OF Leola HOMES
Single-Family 68.5
Townhomes 11.1
Small Apt. Buildings 12.2
Apt. Complexes 7.2
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Leola HOMES
No Bedroom 0.26
1 Bedroom 11.19
2 Bedrooms 18.58
3 Bedrooms 44.26
4 Bedrooms 21.07
5 or more bedrooms 4.65