The housing market in Lake township (Luzerne County), PA is very strong. The median value of homes is $233,600 which is significantly lower than the US median value of $338,100. However, the rate of home appreciation has been much higher in Lake township than the US average of 8.27%. Over the past year, homes in Lake township have appreciated by 14.98%. This indicates that there is still a lot of room for growth in this area and more potential for homeowners to benefit from their investments.
The median home cost in Lake township (Luzerne County) is $233,600. Home appreciation the last 10 years has been 54.9%. Home Appreciation in Lake township (Luzerne County) is up 17.7%.
Average Age of Homes
- The median age of Lake township (Luzerne County) real estate is 37 years old
The Rental Market in Lake township (Luzerne County)
- Renters make up 13.4% of the Lake township (Luzerne County) population
- 0.0% of houses and apartments in Lake township (Luzerne County), 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.