Pennsylvania
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Pennsylvania Real Estate Market & Appreciation

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$241,433

Number Of Homes And Apartments:
5,106,601

Pennsylvania Home Prices

> $1,303,204
1.1%
1.1%
$977,346 - $1,303,204
1.4%
1.4%
$651,578 - $977,345
5.0%
5.0%
$521,371 - $651,577
5.3%
5.3%
$390,920 - $521,370
11.2%
11.2%
$260,621 - $390,919
21.2%
21.2%
$130,293 - $260,620
32.5%
32.5%
$65,154 - $130,292
15.4%
15.4%
$0 - $65,153
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Pennsylvania Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q3 - 2021 Q4
2.10% 8.66%
2
Last 12 Months:
2020 Q4 - 2021 Q4
14.50% 14.50%
3
Last 2 Years:
2019 Q4 - 2021 Q4
21.48% 10.22%
4
Last 5 Years:
2016 Q4 - 2021 Q4
36.93% 6.49%
4
Last 10 Years:
2011 Q4 - 2021 Q4
48.25% 4.02%
3
Since 2000:
2000 Q1 - 2021 Q4
131.90% 3.94%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,359 / per month

Homeownership Rate

Owners
66.7%
66.7%
Renters
33.3%
33.3%
Vacant
10.6%
10.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
11.6%
11.6%
1970 - 1999
31.7%
31.7%
1940 - 1969
30.8%
30.8%
1939 or Older
25.9%
25.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.1%
57.1%
Townhomes
18.6%
18.6%
Small Apt. Buildings
8.4%
8.4%
Apt. Complexes
12.1%
12.1%
Mobile Homes
3.8%
3.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
10.3%
10.3%
2 Bedrooms
22.6%
22.6%
3 Bedrooms
42.9%
42.9%
4 Bedrooms
17.6%
17.6%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES