Levittown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Levittown, PA Real Estate Data


Levittown Housing Market Information

With 52,619 people, 18,066 houses or apartments, and a median cost of homes of $245,678, Levittown real estate is some of the most expensive in Pennsylvania, although Levittown home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Levittown, accounting for 88.10% of the town's housing units. Other types of housing that are prevalent in Levittown include large apartment complexes or high rise apartments ( 7.64%), duplexes, homes converted to apartments or other small apartment buildings ( 2.25%), and a few row houses and other attached homes ( 1.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Levittown. Owner-occupied housing accounts for 85.35% of Levittown's homes, and 80.23% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Levittown's housing was primarily built during this period, from the '40s through the '60s. A full 84.33% of the town's housing hails from this era. Other housing ages represented in Levittown include homes built between 1970-1999 ( 13.68%) and housing constructed before 1939 ( 1.59%).

Levittown Home Appreciation Rates

Levittown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Levittown during the period has been just -0.79%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Levittown's appreciation rate, at 5.02%, has been at or slightly above the national average. In the latest quarter, Levittown's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

Relative to Pennsylvania, our data show that Levittown's latest annual appreciation rate is higher than 80% 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 town. Individual neighborhoods within Levittown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Levittown - 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 Levittown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$245,678

Levittown, PA HOME PRICES

Value Range
> $1,081,000 0.5
$810,001 - $1,081,000 0.0
$540,001 - $810,000 0.6
$432,001 - $540,000 0.8
$324,001 - $432,000 9.9
$216,001 - $324,000 56.2
$108,001 - $216,000 27.6
$54,001 - $108,000 0.9
$0 - $54,000 3.4

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
23.8215143175031 12.6570048309179

Number Of Homes And Apartments:
18,066

Rent & Ownership

 

Average Market Rent:
$1,191 / per month

Homeownership Rate

Homeownership
Owners 85.35
Renters 14.65
Vacant 7.71

Housing Market Details

 

Age of Homes

AGE OF Levittown HOMES
2000 or Newer 0.4
1970 - 1999 13.7
1940 - 1969 84.3
1939 or Older 1.6

Types of Homes

TYPE OF Levittown HOMES
Single-Family 88.1
Townhomes 1.8
Small Apt. Buildings 2.2
Apt. Complexes 7.6
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Levittown HOMES
No Bedroom 2.56
1 Bedroom 4.23
2 Bedrooms 8.25
3 Bedrooms 44.61
4 Bedrooms 35.62
5 or more bedrooms 4.73

Levittown 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
71.60% 3.23% 10 9
* 10 is highest