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 about Scout's Real Estate Data
With a population of 14,601, 5,493 total housing units (homes and apartments), and a median house value of $285,432, Lake Ariel 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 Lake Ariel, accounting for 91.45% of the town's housing units. Other types of housing that are prevalent in Lake Ariel include mobile homes or trailers ( 4.84%), duplexes, homes converted to apartments or other small apartment buildings ( 2.69%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Ariel. Owner-occupied housing accounts for 86.94% of Lake Ariel's homes, and 76.64% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lake Ariel built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lake Ariel built between 1940-1969 ( 15.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.37%). There's also some housing in Lake Ariel built before 1939 ( 9.23%).
A decent proportion of the Lake Ariel housing stock is seasonally occupied. That is, homes and condos in Lake Ariel are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Lake Ariel housing market speaks to its popularity as a vacation location of choice.
Lake Ariel's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lake Ariel during the period has been just 4.71%, which is lower than 80% of US communities.
Over the last year, Lake Ariel appreciation rates have trailed the rest of the nation. In the last twelve months, Lake Ariel's appreciation rate has been 3.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lake Ariel were at 0.18%, which equates to an annual appreciation rate of 0.72%.
Relative to Pennsylvania, our data show that Lake Ariel's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Lake Ariel differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake Ariel - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lake Ariel real estate investment or home purchase decisions.
$285,432
for Pennsylvania
for nation
5,493
$1,249 / per month