Levittown, originally built as a community of starter homes for young couples, now has house prices that are unaffordable for most first-time buyers, writes JD Mullane for the Bucks County Courier Times.
Recently, a home in Levittown sold for a staggering $720,000. The price was so high that the average Levittowner would not be able to qualify for a mortgage.
The 1958 Country Clubber was purchased in November for the highest price ever paid for a William Levitt-built house in the town’s 72-year history.
“It’s a beautiful house, totally redone, with a ton of amenities,” said realtor Robin Kemmerer.
While the suburb was once known for sturdy, low-priced houses, today, a typically priced Levitt-built house is currently being priced at between $350,000 and $450,000.
To give an example, a house purchased for $400,000 with a 30-year fixed mortgage at 6.5 percent would need a 20 percent down payment of $90,000. The monthly payment would come out to around $3,000 a month.
“Who can afford that?” said Kemmerer.
In Levittown, with its median annual household income of $97,750, not many could.
To see just how much Levittown’s real estate market has changed and what it means for future buyers, read the full story in the Bucks County Courier Times.
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Editor’s Note: This post first appeared on BUCKSCO Today in January 2025.
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