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 684 people, 300 houses or apartments, and a median cost of homes of $461,574, Valencia real estate is some of the most expensive in Pennsylvania, although Valencia home values aren't among America's most expensive.
Row houses and other attached homes are the single most common housing type in Valencia, accounting for 40.43% of the borough's housing units. Other types of housing that are prevalent in Valencia include single-family detached homes ( 27.05%), large apartment complexes or high rise apartments ( 21.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.90%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.
Valencia is dominated by renter-occupied one, two, or no bedrooms apartments. 70.93% of Valencia's dwellings are rentals.
Valencia homes and real estate are some of the newest in America. 45.59% of Valencia's housing was built since 2000, making the borough have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Valencia real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.00%), and before 1939 ( 21.28%). There's also some housing in Valencia built between 1940-1969 ( 2.13%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Valencia, where house values have increased just 47.34%, which is annualized rate of 3.95%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Valencia appreciation rates have trailed the rest of the nation. In the last twelve months, Valencia's appreciation rate has been -5.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Valencia were at 0.59%, which equates to an annual appreciation rate of 2.36%.
Relative to Pennsylvania, our data show that Valencia's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.
$461,574
for Pennsylvania
for nation
300
$4,363 / per month