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 Q2 2021. 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:
$211,422

Number Of Homes And Apartments:
5,053,106

Pennsylvania Home Prices

> $1,209,990
1.1%
1.1%
$907,559 - $1,209,990
1.2%
1.2%
$605,076 - $907,558
4.3%
4.3%
$484,001 - $605,075
4.7%
4.7%
$363,074 - $484,000
10.2%
10.2%
$242,038 - $363,073
20.2%
20.2%
$121,001 - $242,037
33.6%
33.6%
$60,505 - $121,000
16.9%
16.9%
$0 - $60,504
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:
2021 Q1 - 2021 Q2
4.20% 17.88%
3
Last 12 Months:
2020 Q2 - 2021 Q2
10.76% 10.76%
4
Last 2 Years:
2019 Q2 - 2021 Q2
15.32% 7.39%
4
Last 5 Years:
2016 Q2 - 2021 Q2
29.26% 5.27%
4
Last 10 Years:
2011 Q2 - 2021 Q2
39.02% 3.35%
3
Since 2000:
2000 Q1 - 2021 Q2
116.32% 3.70%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,279 / 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