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 2,426 people, 1,208 houses or apartments, and a median cost of homes of $199,217, house prices in Verona are solidly below the national average.
Single-family detached homes are the single most common housing type in Verona, accounting for 48.51% of the borough's housing units. Other types of housing that are prevalent in Verona include duplexes, homes converted to apartments or other small apartment buildings ( 23.22%), large apartment complexes or high rise apartments ( 21.76%), and a few row houses and other attached homes ( 5.75%).
People in Verona primarily live in small (one, two or no bedroom) single-family detached homes. Verona has a mixture of owner-occupied and renter-occupied housing.
The housing in Verona was primarily built before 1939 ( 45.06%), making the housing stock in Verona some of the oldest overall in America, although there is a range of ages of homes in Verona. The next most important housing age is between 1940-1969 ( 29.73%), followed by between 1970-1999 ( 24.29%).
In the last 10 years, Verona has experienced some of the highest home appreciation rates of any community in the nation. Verona real estate appreciated 116.04% over the last ten years, which is an average annual home appreciation rate of 8.01%, putting Verona in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Verona definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Verona appreciation rates have trailed the rest of the nation. In the last twelve months, Verona's appreciation rate has been 3.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Verona were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Verona's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.
$199,217
for Pennsylvania
for nation
1,208
$1,129 / per month