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 5,256, 2,023 total housing units (homes and apartments), and a median house value of $294,466, Lehighton real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Lehighton, accounting for 50.02% of the borough's housing units. Other types of housing that are prevalent in Lehighton include row houses and other attached homes ( 18.94%), duplexes, homes converted to apartments or other small apartment buildings ( 16.73%), and a few large apartment complexes or high rise apartments ( 13.22%).
The most prevalent building size and type in Lehighton are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 53.34% owning and 46.66% renting.
The housing in Lehighton was primarily built before 1939 ( 42.22%), making the housing stock in Lehighton some of the oldest overall in America, although there is a range of ages of homes in Lehighton. The next most important housing age is between 1940-1969 ( 35.11%), followed by between 1970-1999 ( 21.07%). There's also some housing in Lehighton built between 2000 and later ( 1.60%).
Vacant housing appears to be an issue in Lehighton. Fully 12.31% of the housing stock is classified as vacant. Left unchecked, vacant Lehighton homes and apartments can be a drag on the real estate market, holding Lehighton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Lehighton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.98%, which ranks in the top 40% nationwide. This equates to an annual average Lehighton house appreciation rate of 7.34%.
Over the last year, Lehighton appreciation rates have trailed the rest of the nation. In the last twelve months, Lehighton's appreciation rate has been 0.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lehighton were at 3.08%, which equates to an annual appreciation rate of 12.90%.
Importantly, this makes Lehighton 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 Lehighton's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
$294,466
for Pennsylvania
for nation
2,023
$1,528 / per month