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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.



Lewisburg, 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

Lewisburg, PA Housing Market Trends

With 2,666 people, 1,973 houses or apartments, and a median cost of homes of $302,065, Lewisburg real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Lewisburg, accounting for 43.56% of the borough's housing units. Other types of housing that are prevalent in Lewisburg include large apartment complexes or high rise apartments ( 30.15%), duplexes, homes converted to apartments or other small apartment buildings ( 20.94%), and a few row houses and other attached homes ( 5.36%).

Lewisburg is dominated by renter-occupied one, two, or no bedrooms apartments. 75.53% of Lewisburg's dwellings are rentals.

The housing in Lewisburg was primarily built before 1939 ( 49.71%), 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 ( 30.28%), followed by between 1970-1999 ( 17.97%). There's also some housing in Lewisburg built between 2000 and later ( 2.04%).

Vacant housing appears to be an issue in Lewisburg. Fully 12.66% of the housing stock is classified as vacant. Left unchecked, vacant Lewisburg homes and apartments can be a drag on the real estate market, holding Lewisburg real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lewisburg Home Appreciation Rates

Lewisburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lewisburg during the period has been just 4.54%, which is lower than 80% of US communities.

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 4.06%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

Median Home Value

$302,065

Lewisburg Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,233 / per month

Homeownership Rate

Owners
Renters
24.5%
24.5%
75.5%
75.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.7%
12.7%
87.3%
87.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.0%
2.0%
18.0%
18.0%
30.3%
30.3%
49.7%
49.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
43.6%
43.6%
5.4%
5.4%
20.9%
20.9%
30.1%
30.1%
0.0%
0.0%
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
7.3%
7.3%
22.5%
22.5%
21.5%
21.5%
38.4%
38.4%
5.8%
5.8%
4.4%
4.4%
0% 100.0%
% of Homes