The housing market in Railroad, Pennsylvania is an attractive option for those looking to invest. According to the data provided, the median value of a house in Railroad is $255,500 compared to the US national median of $338,100. Over the course of one year, the appreciation of houses in Railroad was 9.11%, higher than the national appreciation rate of 8.27%. This shows that investing into housing in this area is currently a good choice as it yields greater returns than most other places in America. Furthermore, with such a low median value when compared to other places in America, living costs and home prices are more favorable allowing more people to afford quality housing for their families or business ventures.
The median home cost in Railroad is $255,500. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Railroad is up 13.7%.
Average Age of Homes
- The median age of Railroad real estate is 78 years old
The Rental Market in Railroad
- Renters make up 31.6% of the Railroad population
- 3.5% of houses and apartments in Railroad, 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.