The housing market in South Montrose, PA is very competitive. The median value of a home in this area is $127,700, significantly lower than the US median value of $338,100. This offers potential homeowners an opportunity to purchase a home at a more affordable price than in many other areas. In addition, the 1 year house appreciation rate here is 10.35%, which is higher than the national average of 8.27%. This indicates that investing in South Montrose real estate could be a wise decision for those interested in taking advantage of the current market conditions and hoping to increase their equity over time.
The median home cost in South Montrose (zip 18843) is $127,700. Home appreciation the last 10 years has been 51.5%. Home Appreciation in South Montrose (zip 18843) is up 14.3%.
Average Age of Homes
- The median age of South Montrose (zip 18843) real estate is 44 years old
The Rental Market in South Montrose (zip 18843)
- Renters make up 15.3% of the South Montrose (zip 18843) population
- 0.0% of houses and apartments in South Montrose (zip 18843), 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.