York-Hanover Metro Area, PA Housing

The housing market in the York-Hanover, PA Metro Area is experiencing a period of growth. The median house value is currently $248,600, which is significantly lower than the US median value of $338,100. However, over the last year, the appreciation rate has been higher in York-Hanover than nationally at 14.12%, compared to 8.27%. This suggests that now is an excellent time to invest in real estate in this metropolitan area and that prices are likely to continue increasing in the near future.

The median home cost in York-Hanover Metro Area is $248,600. Home appreciation the last 10 years has been 61.0%. Home Appreciation in York-Hanover Metro Area is up 12.9%.

Average Age of Homes

- The median age of York-Hanover Metro Area real estate is 43 years old

The Rental Market in York-Hanover Metro Area

- Renters make up 23.4% of the York-Hanover Metro Area population
- 0.8% of houses and apartments in York-Hanover Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	York-Hanover, Pennsylvania	United States
	186,414.0	139,647,020.0
	46	42
	$248,600	$338,100
	12.9%	16.6%
	45.6%	57.0%
	61.0%	101.1%
	$19.10	$10.98
	$3,649	$2,690
	71.1%	57.4%
	5.4%	11.2%
	23.6%	31.4%
Vacant Housing
	0.8%	1.9%
	0.2%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	0.3%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	2.6%	2.6%
	1.8%	2.4%
	1.6%	2.8%
	2.8%	3.9%
	4.1%	4.5%
	16.6%	11.3%
	24.1%	13.0%
	27.0%	20.1%
	12.2%	13.6%
	3.7%	8.3%
	2.2%	9.7%
	0.6%	3.9%
	0.4%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	13.6%	13.6%
	13.6%	13.6%
	14.4%	13.6%
	11.1%	13.2%
	13.5%	14.8%
	14.4%	13.6%
	10.5%	10.0%
	5.0%	4.7%
	19.0%	12.2%

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