Housing in Hamburg, PA is quite expensive with a median value of $244,000 which is significantly higher than the US median house value of $338,100. In addition, Hamburg has seen a larger appreciation rate over the past year of 12.85%, compared to the US average appreciation rate of 8.27%. This indicates that housing in Hamburg is not only more expensive than the average US home but that it is also increasing in value at a slightly faster rate.
The median home cost in Hamburg is $244,000. Home appreciation the last 10 years has been 63.6%. Home Appreciation in Hamburg is up 14.7%.
Average Age of Homes
- The median age of Hamburg real estate is 66 years old
The Rental Market in Hamburg
- Renters make up 32.9% of the Hamburg population
- 1.1% of houses and apartments in Hamburg, 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.