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 696 people, 253 houses or apartments, and a median cost of homes of $493,913, Valencia real estate is some of the most expensive in Pennsylvania, although Valencia home values aren't among America's most expensive.
Row houses and other attached homes are the single most common housing type in Valencia, accounting for 41.67% of the borough's housing units. Other types of housing that are prevalent in Valencia include single-family detached homes ( 35.51%), large apartment complexes or high rise apartments ( 17.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.07%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.
Valencia is dominated by renter-occupied one, two, or no bedrooms apartments. 72.67% of Valencia's dwellings are rentals.
Valencia homes and real estate are some of the newest in America. 44.20% of Valencia's housing was built since 2000, making the borough have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Valencia real estate market has to offer. Quite a bit of the housing here was also built before 1939 ( 28.26%), and between 1970-1999 ( 24.28%). There's also some housing in Valencia built between 1940-1969 ( 3.26%).
Valencia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Valencia during the period has been just 5.09%, which is lower than 80% of US communities.
Over the last year, Valencia appreciation rates have trailed the rest of the nation. In the last twelve months, Valencia's appreciation rate has been 0.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Valencia were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Valencia's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.
$493,913
for Pennsylvania
for nation
253
$5,371 / per month