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 7,963, 3,688 total housing units (homes and apartments), and a median house value of $180,010, house prices in Latrobe are solidly below the national average.
Single-family detached homes are the single most common housing type in Latrobe, accounting for 70.84% of the borough's housing units. Other types of housing that are prevalent in Latrobe include large apartment complexes or high rise apartments ( 11.07%), duplexes, homes converted to apartments or other small apartment buildings ( 9.63%), and a few mobile homes or trailers ( 7.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Latrobe. Owner-occupied housing accounts for 68.15% of Latrobe's homes, and 55.80% 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. Latrobe's housing was primarily built during this period, from the '40s through the '60s. A full 48.18% of the borough's housing hails from this era. Other housing ages represented in Latrobe include homes built before 1939 ( 28.17%) and housing constructed between 1970-1999 ( 21.72%). There's also some housing in Latrobe built between 2000 and later ( 1.93%).
Latrobe's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Latrobe during the period has been just 4.55%, which is lower than 80% of US communities.
Over the last year, Latrobe appreciation rates have trailed the rest of the nation. In the last twelve months, Latrobe's appreciation rate has been 5.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Latrobe were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Latrobe's latest annual appreciation rate is lower 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 Latrobe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Latrobe - 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 Latrobe real estate investment or home purchase decisions.
$180,010
for Pennsylvania
for nation
3,688
$1,170 / per month