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 1,759 people, 706 houses or apartments, and a median cost of homes of $82,028, house prices in Lykens 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 Lykens, accounting for 61.21% of the borough's housing units. Other types of housing that are prevalent in Lykens include row houses and other attached homes ( 18.24%), large apartment complexes or high rise apartments ( 8.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.91%).
The most prevalent building size and type in Lykens are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.31% owning and 36.69% renting.
The housing in Lykens was primarily built before 1939 ( 68.68%), making the housing stock in Lykens some of the oldest overall in America, although there is a range of ages of homes in Lykens. The next most important housing age is between 1940-1969 ( 18.79%), followed by between 1970-1999 ( 10.99%). There's also some housing in Lykens built between 2000 and later ( 1.54%).
Vacant housing appears to be an issue in Lykens. Fully 22.42% of the housing stock is classified as vacant. Left unchecked, vacant Lykens homes and apartments can be a drag on the real estate market, holding Lykens 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 Lykens have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.12%, which ranks in the top 50% nationwide. This equates to an annual average Lykens house appreciation rate of 0.11%.
NeighborhoodScout's data show that during the latest twelve months, Lykens's appreciation rate, at 3.95%, has been at or slightly above the national average. In the latest quarter, Lykens's appreciation rate has been -0.92%, which annualizes to a rate of -3.65%.
Notably, Lykens's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Lykens's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
|$788,001 - $1,051,000||0.0|
|$525,001 - $788,000||0.0|
|$420,001 - $525,000||0.0|
|$315,001 - $420,000||1.7|
|$210,001 - $315,000||5.3|
|$105,001 - $210,000||20.3|
|$53,001 - $105,000||51.8|
|$0 - $53,000||21.0|
|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 Lykens HOMES|
|2000 or Newer||1.5|
|1970 - 1999||11.0|
|1940 - 1969||18.8|
|1939 or Older||68.7|
|TYPE OF Lykens HOMES|
|Small Apt. Buildings||7.9|
|SIZE OF Lykens HOMES|
|5 or more bedrooms||2.20|