The housing market in Bear Lake, PA is quite affordable compared to the US House Median Value. The median value for a house in Bear Lake, PA is $117,500 which is significantly lower than the US House Median Value of $338,100. Despite being significantly cheaper than the national average, the rate of appreciation for houses in Bear Lake, PA is also lower than the US 1 year House Appreciation rate of 8.27%, and stands at 6.70%. This indicates that while homes in Bear Lake, PA are relatively cheap compared to elsewhere in the US, they are not appreciating as fast as other areas.
The median home cost in Bear Lake is $117,500. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Bear Lake is up 13.4%.
Average Age of Homes
- The median age of Bear Lake real estate is 78 years old
The Rental Market in Bear Lake
- Renters make up 5.8% of the Bear Lake population
- 0.0% of houses and apartments in Bear Lake, 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.