The housing market in Homestead, PA is far lower than the median value throughout the United States. The median value of a house in Homestead is $61,700 while the US median value is at $338,100. Despite this difference, housing values have appreciated quite significantly even in the face of national trends. Over the past year, national house appreciation has been 8.27% while Homestead, PA has seen a 5.91% rise in home values. This indicates that there are still solid opportunities for investment in this area despite these lower values.
The median home cost in Homestead is $61,700. Home appreciation the last 10 years has been 77.0%. Home Appreciation in Homestead is up 13.3%.
Average Age of Homes
- The median age of Homestead real estate is 78 years old
The Rental Market in Homestead
- Renters make up 45.0% of the Homestead population
- 4.8% of houses and apartments in Homestead, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.