Zip 16423 (Lake City, PA) Housing

The housing market in 16423 Lake City, PA is slightly below the median value of the US as a whole. The median housing value in 16423 Lake City is $160,300 compared to the US median of $338,100. Additionally, the appreciation rate for housing in this area is 6.70%, lower than the national rate of 8.27%. Despite being lower than the national average, this suggests that the area has potential for housing investment over time.

The median home cost in Lake City (zip 16423) is $160,300. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Lake City (zip 16423) is up 13.4%.

Average Age of Homes

- The median age of Lake City (zip 16423) real estate is 47 years old

The Rental Market in Lake City (zip 16423)

- Renters make up 19.1% of the Lake City (zip 16423) population
- 2.0% of houses and apartments in Lake City (zip 16423), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lake City, Pennsylvania	United States
	1,853.0	139,647,020.0
	50	42
	$160,300	$338,100
	13.4%	16.6%
	44.9%	57.0%
	55.4%	101.1%
	$19.05	$10.98
	$2,410	$2,690
	73.9%	57.4%
	13.2%	11.2%
	12.9%	31.4%
Vacant Housing
	2.0%	1.9%
	0.0%	0.4%
	1.4%	0.7%
	0.4%	0.4%
	3.9%	3.6%
	5.5%	4.1%
Value of Owner-Occupied Housing
	5.0%	2.6%
	6.6%	2.4%
	4.3%	2.8%
	3.2%	3.9%
	13.4%	4.5%
	32.9%	11.3%
	19.3%	13.0%
	9.0%	20.1%
	1.8%	13.6%
	1.0%	8.3%
	3.1%	9.7%
	0.0%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	17.6%	13.6%
	17.6%	13.6%
	13.9%	13.6%
	2.5%	13.2%
	10.8%	14.8%
	13.9%	13.6%
	16.2%	10.0%
	5.5%	4.7%
	20.1%	12.2%

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