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 a population of 10,474, 4,183 total housing units (homes and apartments), and a median house value of $662,117, Lafayette Hill house prices are not only among the most expensive in Pennsylvania, Lafayette Hill real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Lafayette Hill, accounting for 61.70% of the town's housing units. Other types of housing that are prevalent in Lafayette Hill include large apartment complexes or high rise apartments ( 20.08%), row houses and other attached homes ( 16.98%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lafayette Hill. Owner-occupied housing accounts for 81.24% of Lafayette Hill's homes, and 65.31% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lafayette Hill's housing was primarily built during this period, from the '40s through the '60s. A full 41.99% of the town's housing hails from this era. Other housing ages represented in Lafayette Hill include homes built between 1970-1999 ( 40.50%) and housing constructed between 2000 and later ( 11.51%). There's also some housing in Lafayette Hill built before 1939 ( 6.00%).
Lafayette Hill's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lafayette Hill during the period has been just 4.96%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Lafayette Hill's appreciation rate, at 7.24%, has been at or slightly above the national average. In the latest quarter, Lafayette Hill's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.
Relative to Pennsylvania, our data show that Lafayette Hill's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.
$662,117
for Pennsylvania
for nation
4,183
$3,358 / per month