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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



North East, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

North East, PA Housing Market Trends

With a population of 4,051, 1,692 total housing units (homes and apartments), and a median house value of $203,111, house prices in North East are solidly below the national average.

Single-family detached homes are the single most common housing type in North East, accounting for 57.44% of the borough's housing units. Other types of housing that are prevalent in North East include duplexes, homes converted to apartments or other small apartment buildings ( 31.40%), large apartment complexes or high rise apartments ( 10.10%), and a few row houses and other attached homes ( 1.06%).

People in North East primarily live in small (one, two or no bedroom) single-family detached homes. North East has a mixture of owner-occupied and renter-occupied housing.

The housing in North East was primarily built before 1939 ( 38.58%), making the housing stock in North East some of the oldest overall in America, although there is a range of ages of homes in North East. The next most important housing age is between 1940-1969 ( 35.60%), followed by between 1970-1999 ( 25.24%).

Vacant housing appears to be an issue in North East. Fully 10.10% of the housing stock is classified as vacant. Left unchecked, vacant North East homes and apartments can be a drag on the real estate market, holding North East real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

North East Home Appreciation Rates

North East's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North East during the period has been just 4.25%, which is lower than 80% of US communities.

Appreciation rates are so strong in North East that despite a nationwide downturn in the housing market, North East real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North East appreciation rates continue to be some of the highest in America, at 8.69%, which is higher than appreciation rates in 90.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North East. North East appreciation rates in the latest quarter were at 0.64%, which equates to an annual appreciation rate of 2.60%.

Relative to Pennsylvania, our data show that North East's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$203,111

North East Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,022 / per month

Homeownership Rate

Owners
Renters
50.2%
50.2%
49.8%
49.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.1%
10.1%
89.9%
89.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.6%
0.6%
25.2%
25.2%
35.6%
35.6%
38.6%
38.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.4%
57.4%
1.1%
1.1%
31.4%
31.4%
10.1%
10.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
21.7%
21.7%
24.1%
24.1%
36.2%
36.2%
8.6%
8.6%
8.1%
8.1%
0% 100.0%
% of Homes

Popular Communities Near North East, PA

Zip Codes in North East, PA