Housing in Hovey, PA is an attractive option for many potential homebuyers looking for a more affordable alternative to the US median house value. The median housing value in Hovey, PA currently stands at $106,200, significantly lower than the US median of $338,100. Although the US 1-year House Appreciation rate stands at 8.27%, Hovey’s appreciation rate is slightly lower at 6.05%. Despite this slight difference, Hovey’s housing market remains strong and is a great choice for those looking to buy a home without breaking the bank.
The median home cost in Hovey is $106,200. Home appreciation the last 10 years has been 59.3%. Home Appreciation in Hovey is up 9.2%.
Average Age of Homes
- The median age of Hovey real estate is 70 years old
The Rental Market in Hovey
- Renters make up 7.3% of the Hovey population
- 1.4% of houses and apartments in Hovey, 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.