The housing market in Dormont, PA is very attractive. The median value of houses in the area is $183,300, which is significantly less than the US house median value of $338,100. Despite this difference, house prices have appreciated at a rate of 5.53% over the past year - slightly lower than the national average of 8.27%. This makes Dormont an affordable option for those looking to buy a home in Pennsylvania, with house prices still increasing even though they remain lower then the national average.
The median home cost in Dormont is $183,300. Home appreciation the last 10 years has been 85.0%. Home Appreciation in Dormont is up 10.4%.
Average Age of Homes
- The median age of Dormont real estate is 78 years old
The Rental Market in Dormont
- Renters make up 41.4% of the Dormont population
- 1.7% of houses and apartments in Dormont, 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.