Lorane, PA is a great place to invest in real estate. The median value of housing in Lorane is $223,700, which is significantly lower than the US median value of $338,100. Additionally, the 1 year appreciation rate for housing in Lorane was 11.56%, higher than the national average appreciation of 8.27%. This makes Lorane an attractive option for potential buyers looking to get more bang for their buck while receiving respectable returns on their investment.
The median home cost in Lorane is $223,700. Home appreciation the last 10 years has been 71.6%. Home Appreciation in Lorane is up 16.7%.
Average Age of Homes
- The median age of Lorane real estate is 32 years old
The Rental Market in Lorane
- Renters make up 19.7% of the Lorane population
- 1.9% of houses and apartments in Lorane, 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.