Belle Vernon appreciation rates and housing market information

Belle Vernon housing market information

With a population of 16,883, 7,886 total housing units (homes and apartments), and a median house value of $136,769, house prices in Belle Vernon are solidly below the national average.

single-family detached homes are the single most common housing type in Belle Vernon, accounting for 72.46% of the town's housing units. Other types of housing that are prevalent in Belle Vernon include mobile homes or trailers (13.67%), large apartment complexes or high rise apartments (6.82%), duplexes, homes converted to apartments, or other small apartment buildings (4.51%), and a few row houses and other attached homes (2.52%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Belle Vernon. Owner-occupied housing accounts for 74.35% of Belle Vernon's homes, and 59.43% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Belle Vernon's housing was primarily built during this period, from the '40s through the '60s. A full 38.30% of the town's housing hails from this era. Other housing ages represented in Belle Vernon include homes built between 1939 and earlier (27.78%), and housing constructed from 1970-1994 (27.67%). There's also some housing in Belle Vernon built between 1995 and later (6.25%).

Belle Vernon home appreciation rates

Real estate appreciation rates in Belle Vernon have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.51% during the period.

Appreciation rates are so strong in Belle Vernon that despite a nationwide downturn in the housing market, Belle Vernon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Belle Vernon appreciation rates continue to be some of the highest in America, at 3.91%, which is higher than appreciation rates in 83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Belle Vernon. Belle Vernon appreciation rates in the latest quarter were at 2.21%, which equates to an annual appreciation rate of 8.84%.

Importantly, this makes Belle Vernon one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Belle Vernon's latest annual appreciation rate is higher than 86% of the other cities and towns in Pennsylvania.