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 1,628, 591 total housing units (homes and apartments), and a median house value of $617,163, Langhorne house prices are not only among the most expensive in Pennsylvania, Langhorne 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 Langhorne, accounting for 52.12% of the borough's housing units. Other types of housing that are prevalent in Langhorne include duplexes, homes converted to apartments or other small apartment buildings ( 26.80%), row houses and other attached homes ( 10.78%), and a few large apartment complexes or high rise apartments ( 10.29%).
The most prevalent building size and type in Langhorne are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 43.64% owning and 56.36% renting.
The housing in Langhorne was primarily built before 1939 ( 61.60%), making the housing stock in Langhorne some of the oldest overall in America, although there is a range of ages of homes in Langhorne. The next most important housing age is between 1940-1969 ( 22.22%), followed by between 1970-1999 ( 14.71%). There's also some housing in Langhorne built between 2000 and later ( 1.47%).
Real estate appreciation rates in Langhorne's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.85% during the period.
NeighborhoodScout's data show that during the latest twelve months, Langhorne's appreciation rate, at 7.29%, has been at or slightly above the national average. In the latest quarter, Langhorne's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.
Relative to Pennsylvania, our data show that Langhorne's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Langhorne differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Langhorne - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Langhorne real estate investment or home purchase decisions.
$617,163
for Pennsylvania
for nation
591
$2,254 / per month