Levittown, Pennsylvania Housing Market Prices
Levittown Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 130% above the Pennsylvania median$350,000
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Median rent 24% above the Pennsylvania median$1,503
Housing Market Overview
| Metric | Levittown | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $152,469 | $248,835 |
| Price Trend (Annual %) | 7.5% | 3.7% | 7.5% |
| Median Gross Rent | $1,503 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Levittown is about 130% higher than in Pennsylvania. Rent is about 24% higher than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Levittown, up about 7.5% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Levittown rose about 32.2% between 2015 and 2024, from $1,136 to $1,503. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Levittown.
Buying the median-priced home in Levittown costs roughly 19.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Levittown. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Levittown | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $152,469 | $248,835 |
| Median Household Income | $106,083 | $78,249 | $80,455 |
| Price-to-Income Ratio | 3.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Levittown rose about 56.8%, while median household income rose about 52.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Levittown | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 84.9% | 63.0% | 58.5% |
| Rental Rate | 13.2% | 27.9% | 31.2% |
| Vacancy Rate | 1.9% | 9.1% | 10.2% |
| Median Tenure (years) | 20.0 | 17.0 | 15.0 |
| Median Year Moved In | 2006 | 2009 | 2011 |
Levittown has a homeownership rate of 84.9%, higher than the Pennsylvania average of 63.0%. Its housing vacancy rate is 1.9%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Levittown | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1959 | 1966 | 1978 |
| Median Number of Rooms | 6.5 | 6.0 | 5.5 |
The typical housing unit in Levittown was built around 1959. On average, 2.8 people live in a home with about 6.5 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Levittown, Pennsylvania.
What is the median home price in Levittown, Pennsylvania?
The median home price in Levittown, Pennsylvania is $350,000, higher than the Pennsylvania average of $152,469.
What is the average home price in Levittown, Pennsylvania?
The typical home price in Levittown, Pennsylvania, reported as the median sale price, is $350,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Levittown, Pennsylvania?
The median gross rent in Levittown, Pennsylvania is $1,503 per month, higher than the Pennsylvania average of $1,208.
What was the median gross rent in Levittown in 2020?
In 2020, the median gross rent in Levittown, Pennsylvania was $1,127 per month.
What is the price-to-rent ratio in Levittown, Pennsylvania?
The price-to-rent ratio in Levittown, Pennsylvania is about 19.4, meaning it would take roughly 19.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Levittown.
Are home prices or rent rising faster in Levittown, Pennsylvania?
Both home prices and rent are rising in Levittown, up about 7.5% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Levittown, Pennsylvania?
84.9% of households in Levittown, Pennsylvania own their home, higher than the Pennsylvania average of 63.0%.
What is the vacancy rate in Levittown, Pennsylvania?
The housing vacancy rate in Levittown, Pennsylvania is 1.9%, lower than the Pennsylvania average of 9.1%.
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