Clarks Summit, PA is a great place for housing investments. The median value of homes in Clarks Summit is $287,400, which is much lower than the US median value of $338,100. Additionally, the one year house appreciation rate in Clarks Summit is 9.37%, higher than the US average of 8.27%. This means that not only are houses in Clarks Summit relatively more affordable than those across the nation, but they are also appreciating faster than the national rate. Investing in housing in Clarks Summit can be a wise choice for buyers looking to get more bang for their buck and realize a significant return on investment down the line.
The median home cost in Clarks Summit is $287,400. Home appreciation the last 10 years has been 56.9%. Home Appreciation in Clarks Summit is up 15.2%.
Average Age of Homes
- The median age of Clarks Summit real estate is 49 years old
The Rental Market in Clarks Summit
- Renters make up 22.8% of the Clarks Summit population
- 0.6% of houses and apartments in Clarks Summit, 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.