Ligonier, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ligonier Neighborhoods Since 2000




Ligonier, 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

Ligonier Housing Market Information

With a population of 1,540, 771 total housing units (homes and apartments), and a median house value of $166,137, Ligonier 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 Ligonier, accounting for 59.87% of the borough's housing units. Other types of housing that are prevalent in Ligonier include duplexes, homes converted to apartments or other small apartment buildings ( 22.28%), row houses and other attached homes ( 8.76%), and a few large apartment complexes or high rise apartments ( 7.65%).

The most prevalent building size and type in Ligonier are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 60.44% owning and 39.56% renting.

The housing in Ligonier was primarily built before 1939 ( 40.58%), making the housing stock in Ligonier some of the oldest overall in America, although there is a range of ages of homes in Ligonier. The next most important housing age is between 1940-1969 ( 31.82%), followed by between 1970-1999 ( 16.52%). There's also some housing in Ligonier built between 2000 and later ( 11.09%).

Vacant housing appears to be an issue in Ligonier. Fully 14.52% of the housing stock is classified as vacant. Left unchecked, vacant Ligonier homes and apartments can be a drag on the real estate market, holding Ligonier 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.

Ligonier Home Appreciation Rates

Appreciation rates for homes in Ligonier have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.27%, which ranks in the top 50% nationwide. This equates to an annual average Ligonier house appreciation rate of 0.22%.

Over the last year, Ligonier appreciation rates have trailed the rest of the nation. In the last twelve months, Ligonier's appreciation rate has been 1.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ligonier were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Ligonier's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$166,137

Ligonier, PA HOME PRICES

Value Range
> $1,045,000 0.0
$784,001 - $1,045,000 0.0
$522,001 - $784,000 0.9
$418,001 - $522,000 1.7
$313,001 - $418,000 7.9
$209,001 - $313,000 14.8
$104,001 - $209,000 54.7
$52,001 - $104,000 14.8
$0 - $52,000 5.2

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
43.1794210711356 35.6521739130435

Number Of Homes And Apartments:
771

Ligonier 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
43.42% 2.11% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$816 / per month

Homeownership Rate

Homeownership
Owners 60.44
Renters 39.56
Vacant 14.52

Housing Market Details

 

Age of Homes

AGE OF Ligonier HOMES
2000 or Newer 11.1
1970 - 1999 16.5
1940 - 1969 31.8
1939 or Older 40.6

Types of Homes

TYPE OF Ligonier HOMES
Single-Family 59.9
Townhomes 8.8
Small Apt. Buildings 22.3
Apt. Complexes 7.6
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Ligonier HOMES
No Bedroom 0.33
1 Bedroom 11.31
2 Bedrooms 37.03
3 Bedrooms 37.47
4 Bedrooms 12.42
5 or more bedrooms 1.44