The housing market in Lake City, PA is strong compared to the national average. The median value of a house in Lake City is $169,100, which is significantly lower than the US House Median of $338,100. While the US experienced an 8.27% appreciation in housing prices over the course of one year, Lake City saw a slightly lower increase of 6.70%. This shows that while the area still experiences growth, it’s at a much slower rate than other parts of the country. Despite not having as much appreciation as other areas, Lake City still remains an attractive option for those looking for affordable housing with potential for growth.
The median home cost in Lake City is $169,100. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Lake City is up 13.4%.
Average Age of Homes
- The median age of Lake City real estate is 58 years old
The Rental Market in Lake City
- Renters make up 24.6% of the Lake City population
- 3.1% of houses and apartments in Lake City, 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.