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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 8,271, 3,614 total housing units (homes and apartments), and a median house value of $77,136, house prices in Lewistown are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Lewistown, accounting for 43.65% of the borough's housing units. Other types of housing that are prevalent in Lewistown include duplexes, homes converted to apartments or other small apartment buildings ( 23.50%), row houses and other attached homes ( 19.18%), and a few large apartment complexes or high rise apartments ( 11.95%).
The most prevalent building size and type in Lewistown are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 42.21% owning and 57.79% renting.
The housing in Lewistown was primarily built before 1939 ( 48.04%), making the housing stock in Lewistown some of the oldest overall in America, although there is a range of ages of homes in Lewistown. The next most important housing age is between 1940-1969 ( 37.59%), followed by between 1970-1999 ( 12.82%). There's also some housing in Lewistown built between 2000 and later ( 1.55%).
Vacant housing appears to be an issue in Lewistown. Fully 15.14% of the housing stock is classified as vacant. Left unchecked, vacant Lewistown homes and apartments can be a drag on the real estate market, holding Lewistown 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.
Appreciation rates for homes in Lewistown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.62%, which ranks in the top 40% nationwide. This equates to an annual average Lewistown house appreciation rate of 0.64%.
NeighborhoodScout's data show that during the latest twelve months, Lewistown's appreciation rate, at 4.26%, has been at or slightly above the national average. In the latest quarter, Lewistown's appreciation rate has been -1.59%, which annualizes to a rate of -6.20%.
Notably, Lewistown's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Lewistown's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
|$794,001 - $1,059,000||0.6|
|$530,001 - $794,000||0.0|
|$423,001 - $530,000||0.6|
|$318,001 - $423,000||0.0|
|$212,001 - $318,000||4.4|
|$106,001 - $212,000||20.4|
|$53,001 - $106,000||43.4|
|$0 - $53,000||30.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Lewistown HOMES|
|2000 or Newer||1.5|
|1970 - 1999||12.8|
|1940 - 1969||37.6|
|1939 or Older||48.0|
|TYPE OF Lewistown HOMES|
|Small Apt. Buildings||23.5|
|SIZE OF Lewistown HOMES|
|5 or more bedrooms||2.61|