Pennsylvania
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Pennsylvania Real Estate Values & Housing Market 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$193,666

Number Of Homes And Apartments:
5,025,132

Pennsylvania Home Prices

Value Range
> $1,144,740 1.0
$858,477 - $1,144,740 1.1
$572,448 - $858,476 3.9
$457,994 - $572,447 4.5
$343,425 - $457,993 9.7
$228,996 - $343,424 19.7
$114,519 - $228,995 34.0
$57,246 - $114,518 17.6
$0 - $57,245 8.5

Pennsylvania Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q4 - 2020 Q1
1.01% 4.09%
7
Last 12 Months:
2019 Q1 - 2020 Q1
5.44% 5.44%
7
Last 2 Years:
2018 Q1 - 2020 Q1
9.85% 4.81%
5
Last 5 Years:
2015 Q1 - 2020 Q1
21.56% 3.98%
4
Last 10 Years:
2010 Q1 - 2020 Q1
23.33% 2.12%
3
Since 2000:
2000 Q1 - 2020 Q1
96.65% 3.44%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,146 / per month

Homeownership Rate

Homeownership
Owners 66.71
Renters 33.29
Vacant 11.43

Housing Details

Age of Homes

AGE OF Pennsylvania HOMES
2000 or Newer 10.8
1970 - 1999 31.6
1940 - 1969 31.4
1939 or Older 26.3

Types of Homes

TYPE OF Pennsylvania HOMES
Single-Family 57.1
Townhomes 18.6
Small Apt. Buildings 8.5
Apt. Complexes 11.9
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Pennsylvania HOMES
No Bedroom 2.11
1 Bedroom 10.20
2 Bedrooms 22.85
3 Bedrooms 43.19
4 Bedrooms 17.34
5 or more bedrooms 4.29