16630 Cresson, PA is an attractive location for those looking to invest in real estate. The median value of housing in the area is $118,100, which is considerably lower than the US median value of $338,100. This discrepancy makes it a great option for those who are looking to get into housing at a lower price point. The US 1 year house appreciation rate is 8.27%, however the 1 year house appreciation rate in 16630 Cresson, PA is 13.94%. This higher appreciation rate indicates that there may be potential for greater returns on investment from buying here rather than other areas.
The median home cost in Cresson (zip 16630) is $118,100. Home appreciation the last 10 years has been 37.0%. Home Appreciation in Cresson (zip 16630) is up 6.9%.
Average Age of Homes
- The median age of Cresson (zip 16630) real estate is 59 years old
The Rental Market in Cresson (zip 16630)
- Renters make up 27.7% of the Cresson (zip 16630) population
- 1.3% of houses and apartments in Cresson (zip 16630), 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.