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Pennsylvania real estate

Pennsylvania – The Signs of Housing Recovery are Everywhere

By the end of 2012, Pennsylvania had regained more than half of the jobs it had lost during the Great Recession. So what about the Keystone State’s housing market? Is it making as many strides?

Realtors all over Pennsylvania say the answer is a resounding “yes”!

Thanks to the jobs being created here, there was an increase in demand for housing. Just take a look at the Pittsburgh metro, where realtors saw the highest number of homes sold since 2004. In fact, the homes for sale around Pittsburgh led to an absolute buying frenzy in 2012, generating more than $4.4 billion worth of activity by the time all was said and done for the year!

The Western Pennsylvania region as a whole saw the number of home sales jump more than 10% in 2012. The last time that happened was back in 2002!

Over to the east in Dauphin County (where Harrisburg is located), buyers couldn’t contain their excitement either. At the beginning of 2012, the average length of time that a home was on the market was 130 days. By the third quarter, that average had shrunk to 97 days. Even during the fourth quarter – when buying is typically slow due to all of the holiday festivities – the average home here was selling in 102 days!

Down to the south, the number of home sales in the Philadelphia metro began 2013 with as much as an 18% increase as compared to the year before – and realtors in southern Pennsylvania predict even bigger increases as the year goes on. A big part of the demand, they say, is “cabin fever” that has swept the area over the past five years. Since people have been so afraid to invest in Pennsylvania’s housing market – or simply didn’t have the money to do so – they’re jumping in with both feet now.

There’s only one thing that realtors in Pennsylvania aren’t too happy about – the state’s unemployment rate. At the end of 2012, it was 7.9%. That’s slightly higher than the national average. More importantly, it’s slightly higher than the rate here was in November 2012 and higher than it was back in December 2011. The rate is also almost twice as high as it was back in April 2007. So, with a rate like that, it’s obvious that there are lots of Pennsylvanians that simply can’t afford to invest in the housing market right now.

Still, though, Pennsylvania’s housing market is on the route to recovery. And, as more people get back to work, the signs of recovery will get even stronger!

Living in Pennsylvania

Looking for a place to live that’s rich in American history, with opportunities for both city and country life? Then Pennsylvania may be the place for you!

Pennsylvania borders six other states – New York, New Jersey, Maryland, Delaware, Ohio, and West Virginia. The state also shares a water border with Canada because Pennsylvania has 63 miles of coastline along Lake Erie. Pennsylvania also has 57 miles of shoreline on the Delaware Estuary.

If you enjoy snow, the more mountainous interior of the state is much colder with the western areas near Lake Erie receiving as much as 100 inches of snowfall annually. The summers, in contrast to the cold winters, can be quite warm and humid.

Before you head off to Pennsylvania, let’s go over some of the fast facts:

  • What is the population of Pennsylvania?
  • The population of Pennsylvania is 12,763,536
  • What is the capital of Pennsylvania?
  • The capital of Pennsylvania is Harrisburg
  • What is the largest city in Pennsylvania?
  • The largest city in Pennsylvania is Philadelphia

Pennsylvania’s roots go back to the 17th century, as it was one of the 13 original Colonies. Pennsylvania was deemed the “Keystone State” in 1802, partly because of its central location among the original 13 colonies and partly because of the number of significant American documents signed within the state – including the Declaration of Independence. The famous Liberty Bell – an icon of American independence – sits in Philadelphia.

There’s plenty to do in Pennsylvania, whether you want to visit the historical cities or attend the many music festivals held throughout the state. All 121 state parks offer free admission. The nation’s first zoo is the Philadelphia Zoo, and Pittsburgh houses both the Pittsburgh Zoo and PPG Aquarium. The Carnegie Museums and Philadelphia Museum of Art are popular with history and art lovers. Pittsburgh also houses the National Aviary.

If you like to spend your time in the great outdoors, Pennsylvania is well known for its fishing and sport hunting, with whitetail deer, squirrel, turkey, grouse and cottontail rabbits as common game. In fact, the state has also been called one of the best wild turkey hunting states.

Pennsylvania is also home to the Amish known for their simple living and basic dress who settled in Lancaster County 300 years ago.

So, no matter what you love, Pennsylvania has a taste of it!

This is the Census data for Pennsylvania

Population

Total population estimate for Pennsylvania (July 1) 2012
12,763,536
Total population change for Pennsylvania- April 1, 2010 to July 1, 2012
0.5%

Age

Percentage of the population that's under 5 years old in Pennsylvania, 2011
5.7%
Percentage of the population that's under 18 years years old in Pennsylvania, 2011
21.7%
Percentage of the population that's 65 years and over Pennsylvania, 2011
15.6%

Gender

Percentage of the population that are females in Pennsylvania, 2011
51.2%

Race breakdown for Pennsylvania in percentages

White alone, 2011
83.8%
Black alone, 2011
11.3%
American Indian and Alaska Native alone,2011
0.3%
Asian alone, percent, 2011
2.9%
Native Hawaiian and Other Pacific Islander alone, 2011
0.1%
Two or more races, 2011
1.6%
Hispanic or Latino Origin, 2011
5.9%
Not Hispanic, White alone, 2011
79.2%

A little more about the residents of Pennsylvania

Percentage of residents who lived in the same house 1 year ago, 2007-2011
87.7%
Percent of residents who are foreign born 2007-2011
5.7%
Percent speaking a language other than English at home, 2007-2011
10.0%

Education

Percent high school graduates or higher for residents 25 years old and over in Pennsylvania, 2007-2011
87.9%
Percent with a bachelor's degree or higher for residents 25 years old and over in Pennsylvania, 2007-2011
26.7%

Veterans

Total number of Veterans living in Pennsylvania 2007-2011
1,007,939

Communting

The average travel time to work for workers in Pennsylvania (16 years and over not working at home), 2007-2011
25.7 mins

Real estate stats in Pennsylvania

Housing unit estimates, 2011
5,579,275
Owner-occupied housing units - percent of total occupied housing units, 2007-2011
70.6%
Housing units by units in structure - multi-dwelling structure, percent, 2007-2011
20.5%
Median value of specified owner-occupied housing units, 2007-2011
$163,200.00
Households, 2007-2011
4,952,566
Average household size, 2007-2011
2.47

Income

Per capita income for Pennsylvania in the past 12 months (in 2011 inflation-adjusted dollars), 2007-2011
$27,824.00
Median household income in Pennsylvania, 2007-2011
$51,651.00
Percentage of people living in poverty in Pennsylvania 2007-2011
12.6%

Business and commerce info for Pennsylvania

Private nonfarm establishments, 2010
297,023
Private nonfarm employment for pay period including March 12, 2010
4,976,193
Private nonfarm employment for pay period including March 12, 2010, percent change, 2000-2010
-2.2%
Total number of businesses in Pennsylvania, 2007
981,501
Percentage of Black-owned businesses in Pennsylvania, 2007
4.6%
Percentage of American Indian- and Alaska Native-owned businesses in Pennsylvania , 2007
0.3%
Percentage of Asian-owned businesses in Pennsylvania, 2007
3.2%
Percentage of Native Hawaiian- and Other Pacific Islander-owned businesses in Pennsylvania, 2007
NA
Percentage of Hispanic-owned businesses in Pennsylvania, 2007
2.3%
Percentage of Women-owned businesses in Pennsylvania, 2007
27.0%

Land size and population

Size of Pennsylvania in Square Miles, 2010
44,742.70 mi²
Population per square mile in Pennsylvania, 2010
283.9

Pennsylvania real estate

Albany

Aldenville

Allison Park

Annville

Aquashicola

Archbald Borough

Arlington Heights

Ashland

Aspinwall

Baldwin

Bangor Borough

Barnesville

Beaver Falls

Beaver Meadows

Bellefonte

Bensalem

Biglerville

Blandon

Bloomsburg

Boiling Springs

Boswell

Brackney

Breinigsville

Brentwood

Brookville

Browndale

Brownsville

Buckingham

Camptown

Canonsburg

Carbondale TWP

Catasauqua

Centermoreland

Central City

Chalfont

Champion

Chapmans Lake

Cheltenham

Chinchilla

Clarks Green

Clifford

Coatesville

Conneaut Lake

Coopersburg

Coplay

Covington

Cranberry

Cranberry]

Crystal Lake

Dallastown

Damascus-PA

Devon-Berwyn

DOVER

Doylestown

Drexel Hill

Drifton

East Bangor

EAST BERLIN

East Penn

East Petersburg

East Stoudsburg

East York

Edinboro

Eighty Four

Elizabeth

Equinunk-PA

Exeter Twp

Fairmount City

Fogelsville

Forest Hills

Forksville

Forty Fort

Fountain Hill

Frackville

Franklin Park

Fredericktown

Freeport

Galeton

GETTYSBURG

Glen Lyon

Glen Rock

Glenburn TWP

Great Bend

Green Tree

Greene Twp

Greenfield

Greenfield TWP

Hamburg

Harborcreek

Harleysville

Harveys Lake

Hatfield

Haverford

Hazleton City

Hellertown

Hellertown Borough

Hempfield

Hempfield Twp

Hesston

Hometown

Honey Brook

Hopwood

Hughestown

Hummelstown

Hunlock Creek

Huntingdon Valley

Jamestown

Jefferson Hills

Jersey Shore

Jim Thorpe Borough

Jonestown

Karthaus

Kelayres

kelayres pa

Kempton

Kingston Borough

La Plume

Lake Carey

Lancaster

Lancaster City

Landisville

Langhorne

Laureldale

Laurys Station

Lawrence Park

Lemont Furnace

Lemoyne

Levittown

Linesville

Lower Burrell

Lower Macungie

Lower Merion

Lower Mt. Bethel

Lower Nazareth

Lower Saucon

Lowhill

Madison TWP

Madisonville

Mahanoy City

Mahoning

Malvern

Manheim

Marienville

Marietta

Masontown

McCellandtown

McDonald

McKees Rocks

McMurray

Mertztown

Milanville

Milanville-PA

Milford Borough

Millcreek

Mohnton

Monongahela

Monroeton

Morrisville

Mount Lebanon

Mount Wolf

Mt. Bethel

Mt. Cobb

Mt. Pocono

Myerstown

Nanticoke City

Narberth

Natrona Heights

nazareth

Nesquehoning Borough

New Alexandria

New Castle

New Cumberland

New Milford

New Ringgold

New Salem

New Tripoli

New York

Newtown

North Abington TWP

North Catasauqua Borough

North Huntingdon

North Versailles

North Wales

Nuremberg

Oakmont

Oil City

Orwigsburg

ot Specified]

Outside Area (Outside Ca)

Palmerton Borough

Palmyra

Parryville

Peach Bottom

Pen Argyl Borough

Pending

Penn Hills

Perkasie

Perkasie PA

Petersburg

Phoenixville

Portland Borough

Pottsgrove

Preston Park

Quarryville

Reading

Renfrew

Richmondale

Riegelsville

Roaring Brook

Roaring Brook Twp

Roaring Brook TWP

Rockwood

Royersford

Saltlick

Saltsburg

Saxonburg

Schaefferstown

Schuylkill Haven

Schwenksville

Scranton City

Shavertown

Shawnee On Delaware

Shippensburg

Shippenville

Sinking Spring

South Canaan

South Fayette

South Gibson

South Whitehall

Southampton

Spring Brook TWP

Springbrook

Springfield

Stewartstown

Strattanville

Stroudsburg Pa.

Summit Hill Borough

Swissvale

Swoyersville

Tannersville PA

Tarentum

Tatamy Borough

Titusville

Tredyffrin

Turtle Creek

Upper Black Eddy

Upper Dublin

Upper Gwynedd

Upper Macungie

Upper Milford

Upper Nazareth

Upper St. Clair

Vandergrift

Walnutport

Washington - Lehigh

Waterford

Weatherly Borough

Weisenberg

Weissport

Wernersville

West Deer

West Hazleton

West Lawn

West Pittston

West Reading

West Wyoming

Whitehaven

Whites Crossing

Wilkes-Barre City

Wilkinsburg

Williams

Wilmerding

Wilson Borough

Wind Gap Borough

Worcester

Yardley

York Haven