Real Estate Relocation Guide To Pennsylvania

Relocating from Chicago to Pennsylvania is a major move. You’re crossing state lines and heading 500 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Pittsburgh or Philadelphia you can get a good idea of the Pennsylvania landscape and locate the best area for you and your family.

We’ll start with the big picture… Pennsylvania has an estimated population of 12.4 million* and around 44,800 square miles of land. The total number of housing units is 5,453,647, of which about 3.4 million are owner-occupied and 1.3 million are inhabited by renters. Roughly 608,000, or 11 percent, of the residences in the state are vacant. The median home value in Pennsylvania is $145,200 and the median household income is $46,259. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of Pennsylvania, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what Pennsylvania real estate has to offer…

About 48,800 homes in Pennsylvania are new construction, developed in 2005 or after (another 256,900 were put up between 2000 and 2004). Pennsylvania has its share of vintage charm as well with 1.6 million residences built prior to 1940. The total number of detached, single-family houses across the state is 3 million, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Keystone State, monthly mortgage costs in [Alabama] generally hover between $700 and 2,000+.

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*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com