The housing market in Fayette, PA is thriving. The median value of houses in Fayette is $188,100, which is significantly lower than the US House median value of $338,100. Despite this gap, the 1 year house appreciation rate for Fayette is higher than the national average at 12.41%, versus 8.27% across the United States. This indicates that Fayette's housing market is growing faster than the rest of the country and suggests that investing in a home here would be a wise decision for future growth and return.
The median home cost in Fayette is $188,100. Home appreciation the last 10 years has been 56.4%. Home Appreciation in Fayette is up 14.0%.
Average Age of Homes
- The median age of Fayette real estate is 49 years old
The Rental Market in Fayette
- Renters make up 15.7% of the Fayette population
- 0.0% of houses and apartments in Fayette, 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.