Housing in Southwest, PA is quite affordable compared to the national median value. The median value of a house in Southwest, PA is $102,200 while the US median value is $338,100. This represents a difference of almost three times in favor of Southwest, PA. Not only does this make housing more accessible to people living in this region, but it also provides residents with the opportunity to save money when buying a house. Furthermore, the one year appreciation for house values in Southwest, PA is 8.33%, which is slightly higher than the national average of 8.27%. This indicates that houses are gaining value faster than usual and could be a good investment for people looking to purchase property in this area.
The median home cost in Southwest is $102,200. Home appreciation the last 10 years has been 53.7%. Home Appreciation in Southwest is up 13.8%.
Average Age of Homes
- The median age of Southwest real estate is 53 years old
The Rental Market in Southwest
- Renters make up 6.7% of the Southwest population
- 0.0% of houses and apartments in Southwest, 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.