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 11,585 people, 5,284 houses or apartments, and a median cost of homes of $231,316, house prices in Lower Burrell are solidly below the national average.
Single-family detached homes are the single most common housing type in Lower Burrell, accounting for 82.83% of the city's housing units. Other types of housing that are prevalent in Lower Burrell include large apartment complexes or high rise apartments ( 8.43%), row houses and other attached homes ( 5.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lower Burrell. Owner-occupied housing accounts for 81.74% of Lower Burrell's homes, and 68.72% 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. Lower Burrell's housing was primarily built during this period, from the '40s through the '60s. A full 56.55% of the city's housing hails from this era. Other housing ages represented in Lower Burrell include homes built between 1970-1999 ( 25.23%) and housing constructed between 2000 and later ( 9.65%). There's also some housing in Lower Burrell built before 1939 ( 8.58%).
Real estate appreciation rates in Lower Burrell's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.86% during the period.
NeighborhoodScout's data show that during the latest twelve months, Lower Burrell's appreciation rate, at 6.47%, has been at or slightly above the national average. In the latest quarter, Lower Burrell's appreciation rate has been 1.11%, which annualizes to a rate of 4.51%.
Relative to Pennsylvania, our data show that Lower Burrell's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$231,316
for Pennsylvania
for nation
5,284
$1,181 / per month