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Report: Levittown's Home Prices Risen, Incomes Grown

Household incomes and home prices are increasing while poverty remains well below the national average, article says.

While many residents in suburban communities continue to suffer from home foreclosures, falling incomes and a higher cost of living, Levittown is bucking the trend.  

That’s according to a new Bloomberg article titled “Suburban Pioneer Levittown Thrives as Imitators Falter,” which says that the town is more economically prosperous than similar suburban towns. 

The town of about 52,000 shows how location and local comforts can overcome the obstacles curbing the nation’s love affair with suburbs, which began when Levittown started selling 800-square-foot, ranch-style homes by the thousands in 1949.

While new research shows that U.S. suburbs are getting older, poorer and more ethnically diverse, Levittown’s home prices have risen, incomes have grown, and poverty levels are far below the national average.

More specifically, the article says that Levittown is defying a nationwide trend of declining household prices and rising poverty in the suburbs. For example, in Levittown, household income rose 1.8 percent in 2011 from 2000, which is much better than the decline of 12.8 percent nationwide, the article states.

One thing that hasn’t changed, however, is the lack of diversity in the town. According to the article, 81 percent of Levittown is white, with 12 percent Hispanic, 5 percent Asian and just .4 percent black, compared to a 10.5 black rate in Nassau County.

Read the full article online here. 

What do you think about the Bloomberg article? Is Levittown doing better than other suburbs across America, or are people struggling here just like in other towns? Tell us what you think in the comments below.

Justin Tymme July 30, 2013 at 12:16 AM
Are you kidding me BLOOMBERG!!!!! "More specifically, the article says that Levittown is defying a nationwide trend of declining household prices and rising poverty in the suburbs. For example, in Levittown, household income rose 1.8 percent in 2011 from 2000," HEY BLOOMBERG !! The School taxes have doubled from 2000 to 2011 where's that in your ignorant article?
knightenforcer July 30, 2013 at 12:26 PM
Dont mess with Levittown ! :)
Justin Tymme July 30, 2013 at 05:01 PM
I have been contacted by a resident who was so upset when they read this article. The resident called Bloomberg News today because they were so upset to speak with the articles writer. They were informed that Frank Bass no longer employed by Bloomberg. The resident spoke with a person in his former department about what has been really been happening in Levittown and was told that is entirely different from what their former employee reported in this article and that they would be interested in writing another article reporting more accurate information of the current condition in Levittown.
Joseph Brown July 31, 2013 at 12:34 PM
Levittown Home Values up 4% Yearly as of 2011. Local Realtor Joseph Brown Century 21 American Homes www.Century21AMHomes.com/JosephBrown
Justin Tymme July 31, 2013 at 11:19 PM
What comfortable family area? Wake up from your fantasy - Janet and deal with what is, and what has already happened. Where do you get off preaching the, If I ignore what it - maybe it will go away attitude. Nothing is going to get done until people correct things in Levittown. Your attitude is a reason we are in the mess we are in now, stop being the problem and start being part of the solution.

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