The housing market in Wilkes-Barre, PA is very strong. The median value of houses in the city is $127,600, which is much lower than the US median value of $338,100. However, Wilkes-Barre has seen a much higher house appreciation over the last year than the national average at 14.98%, more than double the US average of 8.27%. This indicates that Wilkes-Barre's housing market is very healthy and likely to continue to grow in value over time.
The median home cost in Wilkes-Barre is $127,600. Home appreciation the last 10 years has been 54.9%. Home Appreciation in Wilkes-Barre is up 17.7%.
Average Age of Homes
- The median age of Wilkes-Barre real estate is 77 years old
The Rental Market in Wilkes-Barre
- Renters make up 43.8% of the Wilkes-Barre population
- 2.3% of houses and apartments in Wilkes-Barre, 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.