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 7,465 people, 2,747 houses or apartments, and a median cost of homes of $507,738, Leola real estate is some of the most expensive in Pennsylvania, although Leola home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Leola, accounting for 62.67% of the town's housing units. Other types of housing that are prevalent in Leola include row houses and other attached homes ( 17.19%), duplexes, homes converted to apartments or other small apartment buildings ( 11.28%), and a few large apartment complexes or high rise apartments ( 7.08%).
The most prevalent building size and type in Leola are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.88% owning and 42.12% renting.
There is a lot of housing in Leola 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 Leola built between 1940-1969 ( 19.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.68%). There's also some housing in Leola built before 1939 ( 14.83%).
Appreciation rates for homes in Leola have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.90%, which ranks in the top 40% nationwide. This equates to an annual average Leola house appreciation rate of 7.06%.
Appreciation rates are so strong in Leola that despite a nationwide downturn in the housing market, Leola real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Leola appreciation rates continue to be some of the highest in America, at 14.18%, which is higher than appreciation rates in 96.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Leola. Leola appreciation rates in the latest quarter were at 3.45%, which equates to an annual appreciation rate of 14.52%.
Importantly, this makes Leola one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Leola's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
$507,738
for Pennsylvania
for nation
2,747
$1,836 / per month