Lower Burrell, Pennsylvania Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lower Burrell, Pennsylvania rental market.
Lower Burrell, Pennsylvania
Average Apartment Rent
$819
Y-o-Y Change in Average
Apartment Rent
3.5%
As of July 2024
Compared to a year ago, Lower Burrell, Pennsylvania apartments have recorded a 3.5% rent increase.
Lower Burrell, Pennsylvania |Average apartment rent trend
Lower Burrell, Pennsylvania| Average apartment rent
Lower Burrell, Pennsylvania | Apartment rent ranges
At 75.38%, apartments priced $700 - $1000 represent the bulk of Lower Burrell, Pennsylvania rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 3.52%.
Lower Burrell, Pennsylvania | Housing tenure**
Renters take up 17% of Lower Burrell, Pennsylvania real estate, occupying a total of 916 units, while homeowners live in 4,368 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$32,436
Average household size of renter-occupied housing units**
1.67
Lower Burrell, Pennsylvania | Renter-occupied housing units by no. of bedrooms**
There are 483 rentals in Lower Burrell, Pennsylvania with 2 beds making up the highest share of the market, at 53%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 13 units. Overall, the median number of rooms in Lower Burrell, Pennsylvania homes for rent is 4.2.
Lower Burrell, Pennsylvania |Renter-occupied units by age of householder**
Most condos for rent in Lower Burrell, Pennsylvania are occupied by residents in the 25 - 34 years age group (19%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Lower Burrell, Pennsylvania | Renter-occupied housing units by family type**
Lower Burrell, Pennsylvania | Renter-occupied housing units by the presence of own children**
A total of 388 apartments for rent in Lower Burrell, Pennsylvania, or 42% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 206 units. All in all, the median size of a renter-occupied household in Lower Burrell, Pennsylvania is 1.67.
Lower Burrell, Pennsylvania | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Lower Burrell, Pennsylvania.
Lower Burrell, Pennsylvania | Renter-occupied units by year structure built**
The highest share of Lower Burrell, Pennsylvania apartment rentals, namely 24% or 221 units, were Built 1970 - 1979, followed by those Built 1939 or earlier (15%, 141 units), and the ones Built 1940 - 1949 (15%, 134 units).
Lower Burrell, Pennsylvania | Renter-occupied units by year householder moved in**
Median year renter moved into unit2014
Most Lower Burrell, Pennsylvania renters (50%) moved in 2010 to 2017, while only 3% of them moved in 2021 or later. Overall, the median year renters have occupied their Lower Burrell, Pennsylvania condos for rent is 2014.
Lower Burrell, Pennsylvania | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of Lower Burrell, Pennsylvania renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 20% have No vehicle available.
Lower Burrell, Pennsylvania | Means of transportation to work of householders living in renter-occupied housing units**
Lower Burrell, Pennsylvania |Geographical mobility in the past year for householders living in renter-occupied housing units**
Lower Burrell, Pennsylvania | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lower Burrell, Pennsylvania apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates