Park Forest Village, PA is a great place for potential homeowners to consider looking into. According to recent data, the median housing value in Park Forest Village is $356,700,which is higher than the US Median Value of $338,100. Not only that, but the 1 year house appreciation rate in Park Forest Village was 10.39%, compared to the US House Appreciation Rate of 8.27%. This indicates that houses in Park Forest Village are increasing in value faster than average and can be a great real estate investment. Additionally, this could mean that buyers may have more leverage when negotiating prices for their home purchase due to the high levels of appreciation.
The median home cost in Park Forest Village is $356,700. Home appreciation the last 10 years has been 54.0%. Home Appreciation in Park Forest Village is up 6.4%.
Average Age of Homes
- The median age of Park Forest Village real estate is 36 years old
The Rental Market in Park Forest Village
- Renters make up 46.1% of the Park Forest Village population
- 4.9% of houses and apartments in Park Forest Village, 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.