Lewisburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lewisburg Neighborhoods Since 2000




Lewisburg, 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

Lewisburg Housing Market Information

With a population of 5,774, 1,987 total housing units (homes and apartments), and a median house value of $175,642, Lewisburg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lewisburg, accounting for 35.25% of the borough's housing units. Other types of housing that are prevalent in Lewisburg include large apartment complexes or high rise apartments ( 32.54%), duplexes, homes converted to apartments or other small apartment buildings ( 21.20%), and a few row houses and other attached homes ( 11.01%).

Lewisburg is dominated by renter-occupied one, two, or no bedrooms apartments. 78.75% of Lewisburg's dwellings are rentals.

The housing in Lewisburg was primarily built before 1939 ( 36.57%), making the housing stock in Lewisburg some of the oldest overall in America, although there is a range of ages of homes in Lewisburg. The next most important housing age is between 1940-1969 ( 34.87%), followed by between 1970-1999 ( 26.94%). There's also some housing in Lewisburg built between 2000 and later ( 1.61%).

Lewisburg Home Appreciation Rates

In the last 10 years, Lewisburg has experienced some of the highest home appreciation rates of any community in the nation. Lewisburg real estate appreciated 16.46% over the last ten years, which is an average annual home appreciation rate of 1.54%, putting Lewisburg in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lewisburg definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Lewisburg appreciation rates have trailed the rest of the nation. In the last twelve months, Lewisburg's appreciation rate has been -0.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lewisburg were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

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

Average Home Values

 

Median Home Value:
$175,642

Lewisburg, PA HOME PRICES

Value Range
> $1,054,000 0.0
$791,001 - $1,054,000 0.0
$527,001 - $791,000 3.7
$422,001 - $527,000 3.3
$316,001 - $422,000 1.5
$211,001 - $316,000 25.9
$106,001 - $211,000 52.2
$53,001 - $106,000 9.4
$0 - $53,000 4.0

High for PA
High for Nation

Value Relative to Nation Value Relative to State
39.6988163600141 29.7584541062802

Number Of Homes And Apartments:
1,987

Lewisburg 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
64.61% 2.93% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$945 / per month

Homeownership Rate

Homeownership
Owners 21.25
Renters 78.75
Vacant 5.74

Housing Market Details

 

Age of Homes

AGE OF Lewisburg HOMES
2000 or Newer 1.6
1970 - 1999 26.9
1940 - 1969 34.9
1939 or Older 36.6

Types of Homes

TYPE OF Lewisburg HOMES
Single-Family 35.2
Townhomes 11.0
Small Apt. Buildings 21.2
Apt. Complexes 32.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lewisburg HOMES
No Bedroom 1.99
1 Bedroom 26.33
2 Bedrooms 30.65
3 Bedrooms 28.65
4 Bedrooms 10.20
5 or more bedrooms 2.18