The housing market in South Renovo, PA is very promising. The median value for homes in the area is $73,500, which is much lower than the US median house value of $338,100. Additionally, houses in the area have seen an appreciation rate of 9.90% over the past year while the US has experienced an 8.27% rate of appreciation. This indicates that the housing prices in South Renovo are increasing at a faster rate than other cities and states across the country and may be a good investment opportunity for potential buyers.
The median home cost in South Renovo is $73,500. Home appreciation the last 10 years has been 48.7%. Home Appreciation in South Renovo is up 10.3%.
Average Age of Homes
- The median age of South Renovo real estate is 78 years old
The Rental Market in South Renovo
- Renters make up 9.3% of the South Renovo population
- 1.9% of houses and apartments in South Renovo, 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.