The housing market in Lemont Furnace, PA is quite affordable compared to the national median. According to recent data, the median value of a house in Lemont Furnace is $86,400, less than one-third of the US median value of $338,100. Furthermore, while the US saw an appreciation rate of 8.27% in the past year, Lemont Furnace only experienced an appreciation rate of 7.43%. This difference could be indicative of a more stable housing market in comparison to the US as a whole. Despite this discrepancy between appreciation rates, investing in property in Lemont Furnace still offers great potential for anyone looking for an affordable yet reliable real estate option.
The median home cost in Lemont Furnace is $86,400. Home appreciation the last 10 years has been 71.5%. Home Appreciation in Lemont Furnace is up 11.0%.
Average Age of Homes
- The median age of Lemont Furnace real estate is 65 years old
The Rental Market in Lemont Furnace
- Renters make up 25.0% of the Lemont Furnace population
- 0.0% of houses and apartments in Lemont Furnace, 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.