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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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:
$201,342

Number Of Homes And Apartments:
5,053,106

Pennsylvania Home Prices

> $1,162,517
1.1%
1.1%
$871,931 - $1,162,517
1.2%
1.2%
$581,197 - $871,930
4.3%
4.3%
$464,951 - $581,196
4.7%
4.7%
$348,686 - $464,950
10.2%
10.2%
$232,491 - $348,685
20.2%
20.2%
$116,263 - $232,490
33.6%
33.6%
$58,093 - $116,262
16.9%
16.9%
$0 - $58,092
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Pennsylvania Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
1.65% 6.75%
2
Last 12 Months:
2019 Q4 - 2020 Q4
5.95% 5.95%
6
Last 2 Years:
2018 Q4 - 2020 Q4
11.41% 5.55%
6
Last 5 Years:
2015 Q4 - 2020 Q4
24.13% 4.42%
4
Last 10 Years:
2010 Q4 - 2020 Q4
27.12% 2.43%
3
Since 2000:
2000 Q1 - 2020 Q4
103.57% 3.49%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,198 / per month

Homeownership Rate

Owners
66.6%
66.6%
Renters
33.4%
33.4%
Vacant
11.2%
11.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
11.2%
11.2%
1970 - 1999
31.6%
31.6%
1940 - 1969
31.1%
31.1%
1939 or Older
26.2%
26.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.0%
57.0%
Townhomes
18.6%
18.6%
Small Apt. Buildings
8.4%
8.4%
Apt. Complexes
12.1%
12.1%
Mobile Homes
3.9%
3.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
10.2%
10.2%
2 Bedrooms
22.7%
22.7%
3 Bedrooms
43.1%
43.1%
4 Bedrooms
17.4%
17.4%
5 or more bedrooms
4.3%
4.3%
0.0% 100.0%
% OF HOMES