Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 5,253 people, 1,825 houses or apartments, and a median cost of homes of $319,393, Lewisburg real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Lewisburg, accounting for 43.31% of the borough's housing units. Other types of housing that are prevalent in Lewisburg include large apartment complexes or high rise apartments ( 28.16%), duplexes, homes converted to apartments or other small apartment buildings ( 21.86%), and a few row houses and other attached homes ( 6.66%).
Lewisburg is dominated by renter-occupied one, two, or no bedrooms apartments. 77.03% of Lewisburg's dwellings are rentals.
The housing in Lewisburg was primarily built before 1939 ( 56.28%), making the housing stock in Lewisburg some of the oldest overall in America, although there is a range of ages of homes in Lewisburg. The next most important housing age is between 1940-1969 ( 26.54%), followed by between 1970-1999 ( 15.25%). There's also some housing in Lewisburg built between 2000 and later ( 1.93%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Lewisburg, where house values have increased just 56.74%, which is annualized rate of 4.60%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Lewisburg that despite a nationwide downturn in the housing market, Lewisburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lewisburg appreciation rates continue to be some of the highest in America, at 4.76%, which is higher than appreciation rates in 71.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lewisburg. Lewisburg appreciation rates in the latest quarter were at -1.21%, which equates to an annual appreciation rate of -4.76%.
Notably, Lewisburg's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Lewisburg's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$319,393
for Pennsylvania
for nation
1,825
$1,535 / per month