Levittown PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Levittown, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Levittown Housing Market Information

With a population of 52,619, 18,022 total housing units (homes and apartments), and a median house value of $265,112, 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 85.25% of the town's housing units. Other types of housing that are prevalent in Levittown include large apartment complexes or high rise apartments ( 10.12%), row houses and other attached homes ( 2.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.65%).

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 82.61% of Levittown's homes, and 73.48% 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 86.15% of the town's housing hails from this era. Other housing ages represented in Levittown include homes built between 1970-1999 ( 10.75%) and housing constructed before 1939 ( 2.44%).

Levittown Home Appreciation Rates

Real estate appreciation rates in Levittown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.10% during the period.

Appreciation rates are so strong in Levittown that despite a nationwide downturn in the housing market, Levittown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Levittown appreciation rates continue to be some of the highest in America, at 5.32%, which is higher than appreciation rates in 70.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Levittown. Levittown appreciation rates in the latest quarter were at 0.72%, which equates to an annual appreciation rate of 2.89%.

Relative to Pennsylvania, our data show that Levittown's latest annual appreciation rate is higher than 70% 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:
$265,112

Levittown, PA HOME PRICES

Value Range
> $1,210,000 0.3
$907,001 - $1,210,000 0.0
$605,001 - $907,000 0.8
$484,001 - $605,000 1.7
$363,001 - $484,000 8.5
$242,001 - $363,000 55.2
$121,001 - $242,000 29.6
$61,001 - $121,000 1.5
$0 - $61,000 2.4

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
26.5518248175182 14.7683397683398

Number Of Homes And Apartments:
18,022

Levittown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
105.63% 3.58%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,509 / per month

Homeownership Rate

Homeownership
Owners 82.61
Renters 17.39
Vacant 4.43

Housing Market Details

 

Age of Homes

AGE OF Levittown HOMES
2000 or Newer 0.7
1970 - 1999 10.7
1940 - 1969 86.1
1939 or Older 2.4

Types of Homes

TYPE OF Levittown HOMES
Single-Family 85.2
Townhomes 2.5
Small Apt. Buildings 1.6
Apt. Complexes 10.1
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Levittown HOMES
No Bedroom 1.50
1 Bedroom 7.29
2 Bedrooms 9.94
3 Bedrooms 37.33
4 Bedrooms 36.15
5 or more bedrooms 7.78