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 9,604, 3,279 total housing units (homes and apartments), and a median house value of $117,143, house prices in Lock Haven are solidly below the national average.
Single-family detached homes are the single most common housing type in Lock Haven, accounting for 40.11% of the city's housing units. Other types of housing that are prevalent in Lock Haven include duplexes, homes converted to apartments or other small apartment buildings ( 25.96%), large apartment complexes or high rise apartments ( 23.51%), and a few row houses and other attached homes ( 8.16%).
Renters dominate Lock Haven's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
The housing in Lock Haven was primarily built before 1939 ( 37.32%), making the housing stock in Lock Haven some of the oldest overall in America, although there is a range of ages of homes in Lock Haven. The next most important housing age is between 1940-1969 ( 35.00%), followed by between 1970-1999 ( 24.94%). There's also some housing in Lock Haven built between 2000 and later ( 2.74%).
Vacant housing appears to be an issue in Lock Haven. Fully 14.54% of the housing stock is classified as vacant. Left unchecked, vacant Lock Haven homes and apartments can be a drag on the real estate market, holding Lock Haven 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 Lock Haven have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.97%, which ranks in the top 30% nationwide. This equates to an annual average Lock Haven house appreciation rate of 1.05%.
Over the last year, Lock Haven appreciation rates have trailed the rest of the nation. In the last twelve months, Lock Haven's appreciation rate has been -0.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lock Haven were at -1.59%, which equates to an annual appreciation rate of -6.20%.
Notably, Lock Haven's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Lock Haven's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
|$794,001 - $1,058,000||0.0|
|$529,001 - $794,000||0.0|
|$423,001 - $529,000||0.0|
|$318,001 - $423,000||1.0|
|$212,001 - $318,000||5.3|
|$106,001 - $212,000||47.2|
|$53,001 - $106,000||39.0|
|$0 - $53,000||7.5|
|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 Lock Haven HOMES|
|2000 or Newer||2.7|
|1970 - 1999||24.9|
|1940 - 1969||35.0|
|1939 or Older||37.3|
|TYPE OF Lock Haven HOMES|
|Small Apt. Buildings||26.0|
|SIZE OF Lock Haven HOMES|
|5 or more bedrooms||3.10|