A zip code average of an area does not represent an individual property’s characteristics.

You reduced the amount of untaxed capital gains you’re carrying forward but you didn’t create an expense or a deduction today.

Our team works throughout the Lehigh Valley, and in our investor neighborhoods the average home is 100+ years old.

Finally the pro formas that they provide are absurdly basic and neglect at least 25% expenses, so are essentially useless. 

Even if you only averaged 2.8% appreciation annually, which if you've had it 20 years I have no clue how that's true given prices have well more than doubled in that time, youre skipping over the fact that you have been benefiting from that appreciation on the ENTIRE house, not just the % you paid for.  

This affordability attracts buyers seeking value, especially those priced out of more expensive regions.3.

The current average rent on the new buy is $925.

For Neal it may be win-loss of 50-50 or 60-40, both not bad on average for funds. 

While home prices have cooled slightly from their peak, affordability remains a significant barrier.According to the National Association of Realtors, homes in the U.S. spent an average of 36 days on the market in January 2025, a slight increase from last year but still well below historical norms.

What I usually see is that they start with the average $/sq.ft of the sales price in the area.