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 2,843 people, 1,032 houses or apartments, and a median cost of homes of $408,404, Quarryville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Quarryville, accounting for 55.78% of the borough's housing units. Other types of housing that are prevalent in Quarryville include row houses and other attached homes ( 22.63%), large apartment complexes or high rise apartments ( 10.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.61%).
The most prevalent building size and type in Quarryville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 59.69% owning and 40.31% renting.
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. Quarryville's housing was primarily built during this period, from the '40s through the '60s. A full 30.59% of the borough's housing hails from this era. Other housing ages represented in Quarryville include homes built between 1970-1999 ( 24.34%) and housing constructed between 2000 and later ( 23.67%). There's also some housing in Quarryville built before 1939 ( 21.40%).
Real estate appreciation rates in Quarryville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.96% during the period.
NeighborhoodScout's data show that during the latest twelve months, Quarryville's appreciation rate, at 7.49%, has been at or slightly above the national average. In the latest quarter, Quarryville's appreciation rate has been 3.45%, which annualizes to a rate of 14.52%.
Importantly, this makes Quarryville one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Quarryville's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.
$408,404
for Pennsylvania
for nation
1,032
$1,633 / per month