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 4,069 people, 1,669 houses or apartments, and a median cost of homes of $273,607, Pocono Lake 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 Pocono Lake, accounting for 97.51% of the town's housing units. Other types of housing that are prevalent in Pocono Lake include mobile homes or trailers ( 1.17%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pocono Lake. Owner-occupied housing accounts for 95.33% of Pocono Lake's homes, and 81.45% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Pocono Lake built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pocono Lake built between 1940-1969 ( 21.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.33%). There's also some housing in Pocono Lake built before 1939 ( 1.71%).
A decent proportion of the Pocono Lake housing stock is seasonally occupied. That is, homes and condos in Pocono Lake are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Pocono Lake housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Pocono Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.66%, which ranks in the top 30% nationwide. This equates to an annual average Pocono Lake house appreciation rate of 7.42%.
NeighborhoodScout's data show that during the latest twelve months, Pocono Lake's appreciation rate, at 5.60%, has been at or slightly above the national average. In the latest quarter, Pocono Lake's appreciation rate has been -4.11%, which annualizes to a rate of -15.47%.
Notably, Pocono Lake's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Pocono Lake's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.
$273,607
for Pennsylvania
for nation
1,669
$1,492 / per month